Affordable Housing In Tracy
San Joaquin County, California

8 Low Income Apartment Communities In Tracy

Tracy Garden Apartments

662 East Street
Tracy, CA
Call For Rent
1 BR

Tracy Village Apartments

435 East Sixth Street
Tracy, CA
Call For Rent
1-3 BR

Stone Pine Meadow

229 W Grant Line Road
Tracy, CA
1-4 BR

Mountain View Townhomes Apartments

377 W Mount Diablo Ave
Tracy, CA
Call For Rent
2-4 BR
HCV Welcome

Stone Pine Meadows

227 W Grant Line Rd
Tracy, CA
HCV Welcome

Tracy Senior Apartments

902 W 12th St
Tracy, CA
HCV Welcome

Diablo Homes

2525 Buthmann Ave
Tracy, CA

Chesapeake Bay Apartments

3941 W Lowell Ave
Tracy, CA
HCV Welcome
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Housing Authorities that serve Tracy

Housing Authority Programs
Housing Authority of the County of San Joaquin Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Tracy, California

There are 8 low income housing apartment communities offering 803 affordable apartments for rent in Tracy, California. Tracy features 428 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 375 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Tracy.

Sourced from federal housing data and research.

Tracy, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 803
Total Housing Units with Rental Assistance 428
Percentage of Housing Units Occupied By Renters 36.68%
Average Renter Household Size 3.59
Average Household Size 3.49
Median Household Income $76,310 ±$3,494
Median Rent $1,461 ±$62
Percentage Of Renters Overburdened 47.76% ± 4.52pp
Total Population 85,284

Population and Household Demographics

Tracy is a City in San Joaquin County, California with a population of 85,284. There are 24,344 households in the city with an average household size of 3.49 persons. 36.68% of households in Tracy are renters.

Income and Rent Overburden in Tracy

The median gross income for households in Tracy is $76,310 a year, or $6,359 a month. The median rent for the city is $1,461 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Tracy, a household making less than $4,870 a month would be considered overburdened when renting an apartment at or above the median rent. 47.76% of households who rent are overburdened in Tracy.1

Area Median Income In Tracy

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Tracy, the AMI is calculated from all households within San Joaquin County.

In Tracy, HUD calculates the Area Median Income for a family of four as $71,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Tracy

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Tracy HUD Rental Assistance in Tracy

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,700 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,500 $28,000 $31,500 $35,000 $37,800 $40,600 $43,400 $46,200
80% of Median $39,200 $44,800 $50,400 $56,000 $60,500 $65,000 $69,450 $73,950
Low Income Housing Tax Credits in Tracy

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2008, 7 low income apartment communities containing 535 rental apartments have been constructed and made affordable to low income persons in Tracy by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Tracy

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,500 $28,000 $31,500 $35,000 $37,800 $40,600 $43,400 $46,200
60% of Median $29,400 $33,600 $37,800 $42,000 $45,360 $48,720 $52,080 $55,440

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Tracy is $37,800 a year, or $3,150 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,150 by 30% to get a maximum rent of $945 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $613 $656 $788 $910 $1,015 $1,120
60% $735 $788 $945 $1,092 $1,218 $1,344
Fair Market Rents in Tracy

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$745 $869 $1,144 $1,650 $2,009