Magnolia Park Townhomes & Apartments is a 29 unit rental property located at Imola Avenue and Shurtleff in Napa. This complex opened in July of 2005. The complex offers a choice of studio, one, two, three and four bedroom apartments. Some accessible or adaptable units are available for applicants with disabilities. Special funding has allowed the property to earmark 14 units of varying sizes for farmworker households. Amenities include on-grounds parking, some of which is covered, some private patios, a community room, a playground and a laundry facility.
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.
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 Napa but actual income limits may differ for units at Magnolia Park.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$37,950||$43,350||$48,750||$54,150||$58,500||$62,850||$67,150||$71,500|
|Low Income (60%)||$45,540||$52,020||$58,500||$64,980||$70,200||$75,420||$80,580||$85,800|
Magnolia Park is managed by Napa Valley Community Housing.