About Florin Meadows I

Florin Meadows I is a 244 unit affordable housing community in Sacramento, California. The community is located in the 6th Congressional District of California.

Florin Meadows I participates in the Low Income Housing Tax Credit, HOME, and Project-Based Section 8 programs.

Project-Based Section 8

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,600 $16,650 $20,160 $24,300 $28,440 $32,580 $36,730 $40,890
50% $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
80% $38,850 $44,400 $49,950 $55,500 $59,950 $64,400 $68,850 $73,300

Low Income Housing Tax Credit

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, not have income limits and therefore may be set at levels higher than the LIHTC limits below.

Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $24,300 $27,800 $31,250 $34,700 $37,500 $40,300 $43,050 $45,850
60% $29,160 $33,360 $37,500 $41,640 $45,000 $48,360 $51,660 $55,020

HOME

The HOME Rental Assistance Program provides affordable housing to low and moderate income families. Apartment communities that participate in the program must ensure that 90% of units are occupied by households at or below 60% of the area median income and the remaining 10% of the units are occupied by households at or below 80% of the area median income. Furthermore, if the community has five or more units participating in the HOME program, 20% of those units must be occupied for households at or below 50% of the area median income.

Project Based Rental Assistance