Sherwood Manor

7975 Sherwood Blvd.
Los Molinos, California
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Message Sherwood Manor

Units

Unit (Bd/Ba)Ft2Rent
One Bedroom (1/1)1Br./1Ba.629 $813Message

About Sherwood Manor

Serene and quiet affordable housing senior/disabled/handicap 18 years and older located across from Veteran's Hall. Close to shopping, restaurants, and bus line. On site laundry facility, community room, and management office. Many activities for residents throughout the month. Please contact site manager for more details

Property Details

  • 35 one bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • All Appliances included
  • Cable Ready
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony

Nearby Amenities

  • Close to Business District
  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 515 properties, insures renters only pay 30% of their adjusted income towards rent.USDA Rural Development Rental Assistance may not be available for all units at this property.

Los Molinos HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$12,550$16,460$20,780$25,100$29,420$33,740$37,050$39,450
50%$20,900$23,900$26,900$29,850$32,250$34,650$37,050$39,450
80%$33,450$38,200$43,000$47,750$51,600$55,400$59,250$63,050

Los Molinos Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50%$20,900$23,900$26,900$29,850$32,250$34,650$37,050$39,450
60%$25,080$28,680$32,280$35,820$38,700$41,580$44,460$47,340

Sherwood Manor was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Sherwood Manor has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Sherwood Manor is managed by MBS Property Management, Inc..

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