Cottowood Park Apartments

3030 New Jersey Way, Placerville, California 95667

Contact Cottowood Park Apartments

(Premium Content)

Unlocking will use 1 of your remaining free monthly credits. | About Premium Content

Units

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) 842 Call for Price
Three Bedroom (3/2) 1,158 Call for Price
Four Bedroom Townhome (4/3) 1,360 Call for Price

About Cottowood Park Apartments

Cottonwood Park Apartments is a wonderful place to call home. Our cozy community is surrounded by serene woods and offers hill top views of town. We are located within walking distance to historic old town Placerville that offers dining, shopping and more. Our 2, 3 & 4 bedroom apartments & townhomes are equipped with frost free refrigerators, private patios or balconies, central heat & air and so much more. Call today for more information!

Property Details

  • 77 two, three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Basketball Court
  • BBQ/Picnic Area
  • Community Room
  • Laundry Room

Unit Amenities

  • Handicapped Accessible
  • Garbage Disposal
  • Spacious Closets
  • Window Coverings
  • Carpet
  • Patio, Deck Or Balcony
  • Private Entrance
  • Scenic View

Nearby Amenities

  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Hospital
  • Near Library
  • Near Park
  • Near Schools

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Placerville Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $28,050 $32,050 $36,050 $40,050 $43,300 $46,500 $49,700 $52,900
60% $33,660 $38,460 $43,260 $48,060 $51,960 $55,800 $59,640 $63,480

Cottowood Park Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Cottowood Park Apartments is managed by CBM Group, Inc..