720 W 15th St, Merced, CA 95340
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $701 - 859 per Month† | 1 - 2 Beds | 1 Bath | 650 - 775 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Sierra Meadows is an over 55 community that offers something for everyone. Enjoy the peaceful and relaxing landscape inside a gated community for privacy, stroll along the walkways through the rose garden, meet neighbors and friends for a rousing game of shuffleboard or simply relax and unwind on your private patio. If you prefer the great indoors you can refresh in the community center complete with a big screen TV, VCR & stereo, weekly arts & crafts, quilting and exercise classes to keep you young at heart. Our spacious one and two bedroom apartment homes include a washer & dryer in every home, all electric kitchen, energy efficient heating and air conditioning, abundant kitchen cabinets, tile flooring in the kitchen and disability access. Residents have easy access to dial-a-ride or city transportation for shopping, entertainment, dining and community activities.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Sierra Meadows Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 650ft2 | Call for Price† |
| Two Bedroom (2/1) | 775ft2 | $701 $859† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,900 / year | $33,000 / year | $37,150 / year | $41,250 / year |
| 50% AMI for PBRA Units | $28,900 / year | $33,000 / year | $37,150 / year | $41,250 / year |
| 60% AMI for LIHTC Units | $34,680 / year | $39,600 / year | $44,580 / year | $49,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sierra Meadows Apartments have a waiting list?
Sierra Meadows Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Sierra Meadows Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Sierra Meadows Apartments?
Sierra Meadows Apartments is managed by WinnCompanies headquartered in Boston, Massachusetts.
In addition to Sierra Meadows Apartments, how many other affordable housing properties (and units) are there in Merced?
In addition to Sierra Meadows Apartments, we list 60 other affordable properties in Merced. Learn about these properties here. Our data research shows that there are a total of 1597 affordable units in Merced.
777 Loughborough Dr, Merced, California 95348
410 Lesher Dr., Merced, California 95341
218 S Canal St, Merced, California 95341
Housing options for immigrants.
Some housing programs do not have a citizenship requirement, such as Low-Income Housing Tax Credit apartments.La'Velle D Jackson says:
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