Cottage Estates, located at 2900 Channel Ct in Sacramento, has two bedroom walk up style apartments. Cottage Estates participates in the Low-Income Housing Tax Credit (LIHTC) program.
Currently accepting waiting list applications. Estimated wait time is one (1) and a half to two (2) years.Last updated on December 19th, 2018
|2 Bedroom (2/1)||800-900||From $804 To $984|
Surrounded by the serene views of fully-grown shade trees, Cottage Estates is comfortably situated in North Sacramento. This affordable housing community provides convenience, quality and value ideal for everyone.
Cottage Estates offers spacious two bedroom apartment homes. Our unique building layout allows you and your neighbors the enjoyment of privacy as you share your building with only three more apartment homes.
Your new home includes an ample amount of storage space such as walk in closet with mirrored wardrobe doors to keep you stylish at all times. And, as seasons rapidly change, get cozy with your very own wood burning fireplace in the winter months to keep you warm, while still being able to cool down quickly with a ceiling fan in the summer.
With quality living in mind, we offer a private pool and sundeck for you to enjoy as you embrace the tranquility of being outdoors on our well maintained grounds.
Security deposit is $800
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Sacramento but actual income limits may differ for units at Cottage Estates.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person|
|Very Low Income (50%)||$29,300||$33,450||$37,650||$41,800||$45,150|
|Low Income (60%)||$35,160||$40,140||$45,180||$50,160||$54,180|
Cottage Estates 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 especially 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.
Cottage Estates is managed by USA Multifamily Management.