729 L St, Sacramento, CA 95814
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio Bed | 1 Bath | 247 Sq Ft |
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.
Located in downtown Sacramento just blocks from the State Capitol, The Studios at Hotel Berry is a historic, mixed-use renovation and total modernization of the 1920s vintage Hotel Berry that is now affordable studios for individuals and those with special needs. Despite repeated and failed attempts by other developers, Jamboree partnered with the City of Sacramento and its Redevelopment and Housing Agency to bring the structure up to code – including a seismic retrofit – and update what had become a blighted eyesore in deplorable condition. The renovation included a retention of all historic marquees, signage and roof details on a historically significant building. Jamboree also added kitchenettes and bathrooms in each studio and installed water-saving features throughout.
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 Studios at Hotel Berry 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 247ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $22,550 / year | $25,750 / year | $28,950 / year | $32,150 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $37,550 / year | $42,900 / year | $48,250 / year | $53,600 / year | $57,900 / year | $62,200 / year | $66,500 / year | $70,800 / year |
| 50% AMI for PBRA Units | $37,550 / year | $42,900 / year | $48,250 / year | $53,600 / year | $57,900 / year | $62,200 / year | $66,500 / year | $70,800 / year |
| 60% AMI for LIHTC Units | $45,060 / year | $51,480 / year | $57,900 / year | $64,320 / year | $69,480 / year | $74,640 / year | $79,800 / year | $84,960 / year |
| 80% AMI for PBRA Units | $60,050 / year | $68,600 / year | $77,200 / year | $85,750 / year | $92,650 / year | $99,500 / year | $106,350 / year | $113,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Studios at Hotel Berry have a waiting list?
Studios at Hotel Berry 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 Studios at Hotel Berry?
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 Studios at Hotel Berry?
Studios at Hotel Berry is managed by Jamboree Housing Corporation headquartered in Irvine, CA.
In addition to Studios at Hotel Berry, how many other affordable housing properties (and units) are there in Sacramento?
In addition to Studios at Hotel Berry, we list 185 other affordable properties in Sacramento. Learn about these properties here. Our data research shows that there are a total of 19630 affordable units in Sacramento.
When was the Studios at Hotel Berry listing last updated?
Studios at Hotel Berry listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Connie Bonds Pittmon says:
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