401 Danvers River Street, Oxnard, CA 93036
Waiting List Forecast: Likely Short or None
Verified for 2019 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
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.
Sonata at Riverpark is a 52-unit, tax credit community for low-income families, with one, two, and three bedroom units in its design.
The shared areas of this community features a central courtyard with recreational space for children and sitting areas for the residents, a community room (for social activities), and office space for on-site management staff. Laundry facilities and locked mailboxes are also amenities in this community.
Individual apartments have an “open plan” concept in the common areas of their apartments to maximize the space and feel of the unit. The kitchens are generously sized with plenty of storage space and features Energy Star appliances.
Financing for the development and construction of Sonata at Riverpark has been provided by the Angelus Trust, the California Tax Credit Allocation Committee, the City of Oxnard, California Community Reinvestment Corporation and Wells Fargo Ban
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 Sonata at Riverpark 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) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year |
| 50% AMI for PBRA Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year |
| 60% AMI for LIHTC Units | $55,800 / year | $63,780 / year | $71,760 / year | $79,680 / year | $86,100 / year | $92,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Sonata at Riverpark have a waiting list?
Sonata at Riverpark 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 Sonata at Riverpark?
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 Sonata at Riverpark?
Sonata at Riverpark is managed by Retirement Housing Foundation headquartered in Long Beach, California.
In addition to Sonata at Riverpark, how many other affordable housing properties (and units) are there in Oxnard?
In addition to Sonata at Riverpark, we list 42 other affordable properties in Oxnard. Learn about these properties here. Our data research shows that there are a total of 3222 affordable units in Oxnard.
931 Bismark Way, Oxnard, California 93033
1924 Camino Del Sol, Oxnard, California 93030
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