Tracy Village Apartments

435 East Sixth Street, Tracy, California 95376

Tracy Village Apartments, located at 435 East Sixth Street in Tracy, has one, two and three bedroom apartments. Tracy Village Apartments participates in the Low-Income Housing Tax Credit (LIHTC) and Section 8 Project-Based Rental Assistance programs.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 602 Call for Price
Two Bedroom (2/1) 750 Call for Price
Three Bedroom (3/1) 1000 Call for Price

Tracy Village Apartments Details

  • 72 one, two and three bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Playground
  • On-Site Manager
  • Organized Activities
  • Laundry Room
  • Off-Street Parking

Unit Amenities

  • Air Conditioning
  • Handicapped Accessible
  • All Appliances included
  • Garbage Disposal
  • Spacious Closets
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Business District
  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Schools

About Tracy Village Apartments

Clean and nice affordable housing family community. Close to shopping, restaurants, public transportion, police station and schools. On site laundry facility and playground for kids. Please contact site manager for more details.

Low-Income Housing Tax Credit (LIHTC)

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.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Tracy HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Tracy but actual income limits may differ for units at Tracy Village Apartments.

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

Tracy Low-Income Housing Tax Credit Income Limits

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 Tracy but actual income limits may differ for units at Tracy Village Apartments.

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

These general income qualifications for Tracy, California should only be used as a basic guide. To find out if you qualify, contact the community directly.

Tracy Village Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Tracy Village Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Image of Tracy Village Apartments
Image of Tracy Village Apartments
Image of Tracy Village Apartments
Image of Tracy Village Apartments

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