Marymead Park Apartments

612 E 17th St, Marysville, California 95901

Marymead Park Apartments, located at 612 E 17th St in Marysville, has two and three bedroom apartments. Marymead Park Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

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Marymead Park is not currently accepting applications.

Last updated on July 30th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based

Marymead Park Apartments Details

  • 68 two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Community Room

Unit Amenities

  • Heat and Air
  • Newly Remodeled Kitchens

About Marymead Park Apartments

Marymead Park offers renovated two-bedroom and three-bedroom rental homes for residents surrounded by community spaces in a peaceful residential setting. Co-developed by Community Housing Improvement Program and MidPen Housing, Marymead Park received significant upgrades to the 1950s-era buildings, once housing for military families associated with nearby Beale Air Force Base. The renovation efforts include significant upgrades to each unit, many of which are environmentally friendly: all new kitchen and bathroom appliances and water heaters, all new flooring, central air conditioning, new plumbing and electrical systems and updated landscaping and carports. The brand-new community room includes a computer lab, common kitchen and swimming pool. Marymead Park is managed by CHIP Housing.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Marysville HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Marysville but actual income limits may differ for units at Marymead Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,650 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $42,800
50% $22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $40,200 $42,800
80% $36,300 $41,500 $46,700 $51,850 $56,000 $60,150 $64,300 $68,450

Marysville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Marysville but actual income limits may differ for units at Marymead Park Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $22,700 $25,950 $29,200 $32,400 $35,000 $37,600 $40,200 $42,800
Low Income (60%) $27,240 $31,140 $35,040 $38,880 $42,000 $45,120 $48,240 $51,360

These general income qualifications for Marysville, California should only be used as a basic guide. To find out if you qualify, contact the community directly.

Marymead Park Apartments 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 Marymead Park Apartments 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 especially 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.

Marymead Park Apartments is managed by MidPen Housing.

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Image of Marymead Park Apartments