Medici Artist Lofts

242 North Sutter St, Stockton, CA 95202

Waiting List Forecast: Likely Short or None

check_circleVerified for 2021 by Connor Bailey, Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 3 Beds	1 - 2 Baths	575 - 950 Sq Ft

Call (833) 978-1368

Waitlist Forecast

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.

Medici Artist Lofts offers exciting downtown living in the repurposed Medico Building. Living spaces in this newly renovated historic building are geared toward arts, culture, and creativity and boast breathtaking views of the scenic cityscape. There is a mix of one, two and three-bedroom apartments and include both affordable and market-rate units. Medici Artist Lofts is located in the heart of downtown Stockton close to entertainment, dining and the San Joaquin Regional Transit District.

Dave's Thoughts On Medici Artist Lofts

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 Medici Artist Lofts 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.

~ Dave Layfield, Founder of Affordable Housing Online

Medici Artist Lofts Amenities

Playground
Community Room
Business Center
On-Site Manager
Dishwasher
Carpet
Refrigerator
Oven and Range
Blinds
Laundry Facilities
Computer Room
Smoke Free
Spacious Living Rooms

Units at Medici Artist Lofts

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	575ft²	Call for Price^†
Two Bedroom One Bath (2/1)	815ft²	Call for Price^†
Two Bedroom Two Bath (2/2)	815ft²	Call for Price^†
Three Bedroom Two Bath (3/2)	950ft²	Call for Price^†

Income Qualification for Medici Artist Lofts

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$30,700 / year	$35,100 / year	$39,500 / year	$43,850 / year	$47,400 / year	$50,900 / year
50% AMI for PBRA Units	$30,700 / year	$35,100 / year	$39,500 / year	$43,850 / year	$47,400 / year	$50,900 / year
60% AMI for LIHTC Units	$36,840 / year	$42,120 / year	$47,400 / year	$52,620 / year	$56,880 / year	$61,080 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Medici Artist Lofts

Does Medici Artist Lofts have a waiting list?

Medici Artist Lofts 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 Medici Artist Lofts?

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 Medici Artist Lofts?

Medici Artist Lofts is managed by DKD Property Management headquartered in San Jose, CA.

In addition to Medici Artist Lofts, how many other affordable housing properties (and units) are there in Stockton?

In addition to Medici Artist Lofts, we list 89 other affordable properties in Stockton. Learn about these properties here. Our data research shows that there are a total of 5027 affordable units in Stockton.