1551 Market St., Redding, CA 96001
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $459 - 1,454 per Month† | Studio - 3 Beds | 1 - 2 Baths | - |
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.
Market Center offers 82 residential units above street-level restaurants and shopping and was recently connected to the Sacramento River and more than 225 miles of hiking and biking trails.
Explore Redding’s new horizon with stunning views. Interact with the fresh energy on Market Street from Market Center’s artfully-designed balconies, patios, and arcade spaces. Market Center is within minutes of all major Redding hotspots, and within steps of award-winning restaurants and world-class live entertainment.
Because Market Center Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | $980† |
| One Bedroom (1/1) | - | $459 $1,050† |
| Two Bedroom (2/1) | - | $551 $1,260† |
| Three Bedroom (3/2) | - | $636 $1,454† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,400 / year | $33,600 / year | $37,800 / year | $42,000 / year | $45,400 / year | $48,750 / year |
| 50% AMI for PBRA Units | $29,400 / year | $33,600 / year | $37,800 / year | $42,000 / year | $45,400 / year | $48,750 / year |
| 60% AMI for LIHTC Units | $35,280 / year | $40,320 / year | $45,360 / year | $50,400 / year | $54,480 / year | $58,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Market Center Apartments have a waiting list?
Market Center Apartments 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 Market Center Apartments?
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 Market Center Apartments?
Market Center Apartments is managed by MBS Property Management, Inc. headquartered in West Sacramento, California.
In addition to Market Center Apartments, how many other affordable housing properties (and units) are there in Redding?
In addition to Market Center Apartments, we list 28 other affordable properties in Redding. Learn about these properties here. Our data research shows that there are a total of 1157 affordable units in Redding.
When was the Market Center Apartments listing last updated?
Market Center Apartments listing on Affordable Housing Online was last updated on 09/12/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
In many areas, private landlords with an available unit can refuse interested tenants who have a Section 8 voucher. Check your local laws.Lorraine Dale says:
"I have visited Affordable Housing Online over and over again to get on waiting lists. I never would have even gotten on them without this information!"