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.
|Studio (Studio/1)||247||Call for Price|
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.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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 Studios at Hotel Berry.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$35,500||$40,550||$45,600||$50,650||$54,750||$58,800||$62,850||$66,900|
|Low Income (60%)||$42,600||$48,660||$54,720||$60,780||$65,700||$70,560||$75,420||$80,280|
Studios at Hotel Berry is managed by Jamboree Housing Corporation.