Shadows Apartments features one and two bedroom spacious floorplans. Nestled in beautiful Thousand Oaks surrounded by lush landscaping. Thousand Oaks, California, voted among the top 5 cities in the nation for safety for the past few years. Just minutes from the 101 and 23 freeways. Walking distance to the Lakes, Civic Arts Plaza, Gardens of the World and popular local restaurants.
Shadows Apartments is a Low Income Housing Tax Credit, Section 42 property. Income restricted for initial occupancy and follow fair market rents as established by the Housing and Urban Development federal agency (HUD).
|One Bedroom (1/1)||720||Call for Price|
|Two Bedroom (2/1)||920||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.
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 Thousand Oaks but actual income limits may differ for units at Shadows Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$43,900||$50,200||$56,450||$62,700||$67,750||$72,750||$77,750||$82,800|
|Low Income (60%)||$52,680||$60,240||$67,740||$75,240||$81,300||$87,300||$93,300||$99,360|
Shadows Apartments is managed by Many Mansions.