4074 Jackson St., Riverside, CA 92503
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 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.
St. Michaels Apartments offers new affordable 50 1- and 2-bedroom rental units in two adjoining two-story buildings. This community has set aside 24 of the units for those experiencing homelessness. St. Michaels is located within close proximity to the additional public, social, and health service providers. In addition, it is also well served by public transit with access along with both Jackson and California Streets, further connecting residents to the services designed to help them maintain stability and wellness in their lives.
Additionally, the newly designed St. Michaels site provides a variety of outdoor community spaces including a courtyard area, gathering circle, and play area. In addition, Seeds of Hope and the Church have developed a plan for an urban farm on-site, utilizing edible landscaping, native plants, and a community garden to promote sustainable, healthy living. Produce grown onsite will be a resource for meals prepared in the onsite commercial kitchen where residents can learn basic cooking skills.
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 St. Michael's Apartments 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.
~ 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† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year |
| 50% AMI for PBRA Units | $32,650 / year | $37,300 / year | $41,950 / year | $46,600 / year |
| 60% AMI for LIHTC Units | $39,180 / year | $44,760 / year | $50,340 / year | $55,920 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does St. Michael's Apartments have a waiting list?
St. Michael's 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 St. Michael's 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 St. Michael's Apartments?
St. Michael's Apartments is managed by FPI Management, Inc. headquartered in Folsom, California.
In addition to St. Michael's Apartments, how many other affordable housing properties (and units) are there in Riverside?
In addition to St. Michael's Apartments, we list 45 other affordable properties in Riverside. Learn about these properties here. Our data research shows that there are a total of 2651 affordable units in Riverside.
When was the St. Michael's Apartments listing last updated?
St. Michael's Apartments listing on Affordable Housing Online was last updated on 08/21/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
4660 Victoria Avenue, Riverside, California 92507
4030 Harrison Ave, Riverside, California 92503
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Kimberly Leighton says:
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