This is a nice community in the heart of Stockton. This property contains two, three, and four bedroom units for low income families. Each unit includes refrigerators, stoves, dishwasher, garbage disposal and carpeting throughout. Each unit has their own washer and dryer hooks up as well as two bathrooms. The master bedrooms in each unit have a walk in closet. These units are very spacious and recently updated. The complex is nicely landscaped and has two playgrounds and a basketball court for residents only as well as a swimming pool and community room with a full kitchen. The property is close to shopping, schools, post office, transportation, hospitals and downtown district. Management pays for water, sewer, and garbage. Tenants are responsible for all other utilities. Pets are not accepted. Please contact the manager for more information.
|Two Bedroom (2/2)||960||From $515 To $725|
|Three Bedroom (3/2)||1130||From $720 To $835|
|Four Bedroom (4/2)||1410||From $790 To $935|
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 Stockton but actual income limits may differ for units at Charleston Place Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$25,900||$29,600||$33,300||$37,000||$40,000||$42,950||$45,900||$48,850|
|Low Income (60%)||$31,080||$35,520||$39,960||$44,400||$48,000||$51,540||$55,080||$58,620|
Charleston Place Apartments is managed by The Michaels Organization.