10491 Broken Oak Ct, Penn Valley, CA 95946
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 970 - 1,263 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.
Courtyards @ Penn Valley is built with two spacious floor plans and exceptional luxury features. Their professional on-site staff is here to assist you in making your home at Courtyards @ Penn Valley a comfortable and peaceful one. Courtyards @ Penn Vally is conveniently located near shopping, recreation, and entertainment facilities which allow you to spend your leisure time enjoying a variety of 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 Courtyards at Penn Valley 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 |
|---|---|---|
| Two Bedroom (2/1) | 970ft2 | Call for Price† |
| Three Bedroom (3/2) | 1263ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,500 / year | $41,700 / year | $46,900 / year | $52,100 / year | $56,300 / year | $60,450 / year |
| 50% AMI for PBRA Units | $36,500 / year | $41,700 / year | $46,900 / year | $52,100 / year | $56,300 / year | $60,450 / year |
| 60% AMI for LIHTC Units | $43,800 / year | $50,040 / year | $56,280 / year | $62,520 / year | $67,560 / year | $72,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Courtyards at Penn Valley have a waiting list?
Courtyards at Penn Valley 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 Courtyards at Penn Valley?
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 Courtyards at Penn Valley?
Courtyards at Penn Valley is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to Courtyards at Penn Valley, how many other affordable housing properties (and units) are there in Nevada County?
In addition to Courtyards at Penn Valley, we list 31 other affordable properties in Nevada County. Learn about these properties here. Our data research shows that there are a total of 1720 affordable units in Nevada County.
When was the Courtyards at Penn Valley listing last updated?
Courtyards at Penn Valley listing on Affordable Housing Online was last updated on 07/14/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Marla Senter says:
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