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Shasta Courtyards

400 North Foothill Dr, Yreka, California 96097

Las Palmas and Payne Development Corporation completed the construction of a 61 unit 9% tax credit family apartment complex in Yreka, California, in August 2006. The community is affordable to families earning between 30% – 60% of the area median income

Shasta Courtyards Details

  • 61 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • BBQ/Picnic Area
  • Computer Lab
  • Community Room
  • Swimming pool

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.

Yreka 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 Yreka but actual income limits may differ for units at Shasta Courtyards.

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 $34,950 $37,750 $40,550 $43,350 $46,150
Low Income (60%) $29,400 $33,600 $37,800 $41,940 $45,300 $48,660 $52,020 $55,380
Image of Shasta Courtyards
Image of Shasta Courtyards

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