Affordable Housing In Placer County
California

51 Low Income Apartment Communities In Placer County

Mcauley Meadows

535 Sacramento St
Auburn, CA
Income Based
1 BR
62+
Accessible
Elderly Supportive Housing
Subsidized

Brookside Senior Apartments

738 Mikkelsen Dr # 108
Auburn, CA
Call For Rent
1-2 BR
Subsidized

Lincoln Senior Apartments

1655 3rd St
Lincoln, CA
Income Based
1-2 BR
HCV Welcome

Quartz Ridge Apartments

360 Silver Bend Way, Auburn, CA, 95603
Auburn, CA
Call For Rent
1-3 BR
HCV Welcome

Valle Vista Apartments

1675 1st Street
Lincoln, CA
Call For Rent
1-2 BR

Auburn Court Apartments

12199 Gateway Ct
Auburn, CA
Call For Rent
2-4 BR
HCV Welcome

Shannon Bay Apartments

5757 Shannon Bay Dr
Rocklin, CA
Call For Rent
1-3 BR
Subsidized

Highland By Vintage

800 Gibson Drive
Roseville, CA
Call For Rent
2-4 BR

Palm Terrace

1040 Red Hawk Lane
Auburn, CA
$952-1,213
2-4 BR
HCV Welcome

King's Beach Housing

204 Chipmunk St
Kings Beach, CA
Call For Rent
Studio-3 BR
HCV Welcome

Housing Authorities that serve Placer County

Housing Authority Programs
Placer County Housing Authority Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in Placer County

Housing Authority Programs
Roseville Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Placer County, California

There are 51 low income housing apartment communities offering 4,957 affordable apartments for rent in Placer County, California. Placer County features 1,221 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 3,528 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Placer County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Placer County, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 51
Total Low Income Apartments 4,957
Total Housing Units with Rental Assistance 1,221
Percentage of Housing Units Occupied By Renters 29.89%
Average Renter Household Size 2.60
Average Household Size 2.67
Median Household Income $73,948 ±$1,220
Median Rent $1,303 ±$19
Percentage Of Renters Overburdened 51.55% ± 2.04pp
Total Population 366,280

Population and Household Demographics

Placer County is a County in California with a population of 366,280. There are 135,456 households in the county with an average household size of 2.67 persons. 29.89% of households in Placer County are renters.

Income and Rent Overburden in Placer County

The median gross income for households in Placer County is $73,948 a year, or $6,162 a month. The median rent for the county is $1,303 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Placer County, a household making less than $4,343 a month would be considered overburdened when renting an apartment at or above the median rent. 51.55% of households who rent are overburdened in Placer County.1

Area Median Income In Placer County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Placer County, HUD calculates the Area Median Income for a family of four as $83,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Placer County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Placer County HUD Rental Assistance in Placer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,600 $20,100 $22,600 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
80% of Median $46,850 $53,550 $60,250 $66,900 $72,300 $77,650 $83,000 $88,350
Low Income Housing Tax Credits in Placer County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1991 to 2010, 31 low income apartment communities containing 3,218 rental apartments have been constructed and made affordable to low income persons in Placer County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Placer County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $29,300 $33,450 $37,650 $41,800 $45,150 $48,500 $51,850 $55,200
60% of Median $35,160 $40,140 $45,180 $50,160 $54,180 $58,200 $62,220 $66,240

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Placer County is $45,180 a year, or $3,765 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,765 by 30% to get a maximum rent of $1,130 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $733 $784 $941 $1,087 $1,213 $1,338
60% $879 $941 $1,130 $1,304 $1,455 $1,606
Fair Market Rents in Placer County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$952 $1,072 $1,349 $1,946 $2,368

Cities In Placer County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Roseville 17 The HUD funded Public Housing Agency that serves Roseville is the Roseville Housing Authority.
Rocklin 12 The HUD funded Public Housing Agencies that serve Rocklin are the Roseville Housing Authority and Placer County Housing Authority.
Auburn 12 The HUD funded Public Housing Agency that serves Auburn is the Placer County Housing Authority.
Lincoln 7 The HUD funded Public Housing Agency that serves Lincoln is the Placer County Housing Authority.
Foresthill 1 The HUD funded Public Housing Agency that serves Foresthill is the Placer County Housing Authority.
Colfax 1 The HUD funded Public Housing Agency that serves Colfax is the Placer County Housing Authority.
Alta 0 The HUD funded Public Housing Agency that serves Alta is the Placer County Housing Authority.
Carnelian Bay 0 The HUD funded Public Housing Agency that serves Carnelian Bay is the Placer County Housing Authority.
Dollar Point 0 The HUD funded Public Housing Agency that serves Dollar Point is the Placer County Housing Authority.
Dutch Flat 0 The HUD funded Public Housing Agency that serves Dutch Flat is the Placer County Housing Authority.
Granite Bay 0 The HUD funded Public Housing Agency that serves Granite Bay is the Placer County Housing Authority.
Kings Beach 1 The HUD funded Public Housing Agency that serves Kings Beach is the Placer County Housing Authority.
Loomis 0 The HUD funded Public Housing Agency that serves Loomis is the Placer County Housing Authority.
Meadow Vista 0 The HUD funded Public Housing Agency that serves Meadow Vista is the Placer County Housing Authority.
Newcastle 0 The HUD funded Public Housing Agency that serves Newcastle is the Placer County Housing Authority.
North Auburn 0 The HUD funded Public Housing Agency that serves North Auburn is the Placer County Housing Authority.
Penryn 0 The HUD funded Public Housing Agency that serves Penryn is the Placer County Housing Authority.
Sheridan 0 The HUD funded Public Housing Agency that serves Sheridan is the Placer County Housing Authority.
Sunnyside Tahoe City 0 The HUD funded Public Housing Agency that serves Sunnyside Tahoe City is the Placer County Housing Authority.
Tahoe Vista 0 The HUD funded Public Housing Agency that serves Tahoe Vista is the Placer County Housing Authority.
Sunnyside-Tahoe City 0