2496 Old Stony Point Rd, Santa Rosa, CA 95407
Waiting List Forecast: Likely Short or None
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Panas Place is a 66-unit apartment community located in Santa Rosa. This community is beautifully maintained with mature landscaping. The large community room with kitchen is available for use by residents for special events and is also a hub of activity for children and adults. Panas Place has convenient access to Highway 101 and is close to public transportation, shopping, parks and schools.
offering 1,2,3 & 4 bedroom units.
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 Panas Place 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. 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.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $44,050 / year | $50,350 / year | $56,650 / year | $62,900 / year | $67,950 / year | $73,000 / year | $78,000 / year | $83,050 / year |
| 50% AMI for PBRA Units | $44,050 / year | $50,350 / year | $56,650 / year | $62,900 / year | $67,950 / year | $73,000 / year | $78,000 / year | $83,050 / year |
| 60% AMI for LIHTC Units | $52,860 / year | $60,420 / year | $67,980 / year | $75,480 / year | $81,540 / year | $87,600 / year | $93,600 / year | $99,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Panas Place Apartments have a waiting list?
Panas Place 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 Panas Place 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 Panas Place Apartments?
Panas Place Apartments is managed by Burbank Housing Corporation headquartered in Burbank, California.
In addition to Panas Place Apartments, how many other affordable housing properties (and units) are there in Santa Rosa?
In addition to Panas Place Apartments, we list 91 other affordable properties in Santa Rosa. Learn about these properties here. Our data research shows that there are a total of 4124 affordable units in Santa Rosa.
1405 Townview Avenue, Santa Rosa, California 95405
850 Russell Avenue, Santa Rosa, California 95403
657 Acacia Lane, Santa Rosa, California 95409
Even if it looks difficult to get housing, apply anyway.
Some factors make it look like a longshot to get housing. Any waiting list opening is a legitimate chance to get housing, no mattter how long it takes.Tamisha Smith says:
"Affordable Housing Online is very informative, and the emails with updates are so convenient."