The Silverado Creek Apartments were completed in 2000 and are jointly owned by Napa Valley Community Housing and Bridge Housing Corporation in a partnership named Silverado Creek Associates.
There are 102 apartments on three floors including one, two three and four bedroom units. The property has two playgrounds, two laundry rooms, a community room with a smaller computer room adjacent, and a large office.
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 Silverado Creek Apartments.
|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|
Silverado Creek Apartments is managed by Napa Valley Community Housing.