Affordable Housing In Truckee
Nevada County, California

8 Low Income Apartment Communities In Truckee

Truckee Donner Senior Apartments

10040 Estates Dr
Truckee, CA
Call For Rent
1-2 BR
HCV Welcome

Henness Flats Apartments

11929 Waters Way
Truckee, CA
Call For Rent
2-3 BR
HCV Welcome

Frishman Hollow Apartments

11026 Rue Ivy
Truckee, CA
Call For Rent
2-3 BR
HCV Welcome

Riverview Homes

11230 Village Way
Truckee, CA
HCV Welcome

Rural California Housing Corp.

10065 Riverview Dr
Truckee, CA
HCV Welcome

Truckee

11400 Brockway Rd
Truckee, CA
HCV Welcome

Truckee Pines Apartments

10100 Estates Dr
Truckee, CA
HCV Welcome

Sierra Village Apartments Homes

10081 Martis Valley Rd
Truckee, CA
HCV Welcome
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There are 8 low income housing apartment complexes which contain 481 affordable apartments for rent in Truckee. Many of these rental apartments are income based housing with 0 apartments that set rent based on your income. In Truckee, HUD housing programs support 0 rental assistance apartments through programs like Project-based Section 8. There are 481 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Truckee

Housing Authority Programs
Nevada County Housing Authority Section 8 Housing Choice Voucher (HCV)
Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Truckee, California

Truckee, CA Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 481
Total Rent Assisted Apartments 0
Percentage of Housing Units Occupied By Renters 33.36%
Average Renter Household Size 2.60
Total Population 16,184
Housing Units 6,358
Average Household Size 2.54
Median Household Income $77,320 ±$5,895
Median Rent $1,418 ±$138
Percentage Of Renters Overburdened 46.39% ± 12.31pp

Population and Household Demographics

Truckee is a City in Nevada County, California with a population of 16,184. There are 6,358 households in the city with an average household size of 2.54 persons. 33.36% of households in Truckee are renters.

Income and Rent Overburden in Truckee

The median gross income for households in Truckee is $77,320 a year, or $6,443 a month. The median rent for the city is $1,418 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Truckee, a household making less than $4,727 a month would be considered overburdened when renting an apartment at or above the median rent. 46.39% of households who rent are overburdened in Truckee.1

Area Median Income In Truckee

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 Truckee, the AMI is calculated from all households within Nevada County.

In Truckee, HUD calculates the Area Median Income for a family of four as $85,100

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 Truckee

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 Truckee HUD Rental Assistance in Truckee

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,750 $19,150 $21,550 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
80% of Median $44,650 $51,000 $57,400 $63,750 $68,850 $73,950 $79,050 $84,150
Low Income Housing Tax Credits in Truckee

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

From 1996 to 2008, 6 low income apartment communities containing 380 rental apartments have been constructed and made affordable to low income persons in Truckee 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 Truckee

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,900 $31,900 $35,900 $39,850 $43,050 $46,250 $49,450 $52,650
60% of Median $33,480 $38,280 $43,080 $47,820 $51,660 $55,500 $59,340 $63,180

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 Truckee is $43,080 a year, or $3,590 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,590 by 30% to get a maximum rent of $1,077 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% $698 $748 $898 $1,036 $1,156 $1,276
60% $837 $897 $1,077 $1,244 $1,388 $1,532
Fair Market Rents in Truckee

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$778 $916 $1,211 $1,751 $1,978