About This Property
Third Avenue Apartments is a 48-unit affordable housing community in Walnut Creek that opened in 2015 and serves families with 47 low-income units. The property includes 20 one-bedroom, 12 two-bedroom, and 16 three-bedroom units and is owned and operated by a non-profit organization. Financing for the development includes HOME funds and 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Contra Costa County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,825 |
| 1 Bedroom | $2,131 |
| 2 Bedroom | $2,590 |
| 3 Bedroom | $3,342 |
| 4 Bedroom | $3,954 |
Income Limits - Contra Costa County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $28,800
- Very Low (50%)
- $47,950
- Low (80%)
- $76,750
- Extremely Low (30%)
- $32,900
- Very Low (50%)
- $54,800
- Low (80%)
- $87,700
- Extremely Low (30%)
- $37,000
- Very Low (50%)
- $61,650
- Low (80%)
- $98,650
- Extremely Low (30%)
- $41,100
- Very Low (50%)
- $68,500
- Low (80%)
- $109,600
- Extremely Low (30%)
- $44,400
- Very Low (50%)
- $74,000
- Low (80%)
- $118,400
- Extremely Low (30%)
- $47,700
- Very Low (50%)
- $79,500
- Low (80%)
- $127,150
- Extremely Low (30%)
- $51,000
- Very Low (50%)
- $84,950
- Low (80%)
- $135,950
- Extremely Low (30%)
- $54,300
- Very Low (50%)
- $90,450
- Low (80%)
- $144,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $28,800 | $47,950 | $76,750 |
| 2 Persons | $32,900 | $54,800 | $87,700 |
| 3 Persons | $37,000 | $61,650 | $98,650 |
| 4 Persons | $41,100 | $68,500 | $109,600 |
| 5 Persons | $44,400 | $74,000 | $118,400 |
| 6 Persons | $47,700 | $79,500 | $127,150 |
| 7 Persons | $51,000 | $84,950 | $135,950 |
| 8 Persons | $54,300 | $90,450 | $144,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Walnut Creek, CA?+
The Fair Market Rent (FMR) for Contra Costa County, CA is: $1825 (Studio), $2131 (1BR), $2590 (2BR), $3342 (3BR), $3954 (4BR). Actual rent at subsidized properties like Third Avenue Apartments is typically 30% of household income or less.
What size apartments are available at Third Avenue Apartments?+
Third Avenue Apartments offers the following unit types: 20 One-Bedroom, 12 Two-Bedroom, 16 Three-Bedroom units, for a total of 48 units.
Who manages Third Avenue Apartments?+
Third Avenue Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Third Avenue Apartments?+
Third Avenue Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Walnut Creek, CA?+
Based on Fair Market Rent for Contra Costa County, the estimated price range is: 1-bedroom: $2131, 2-bedroom: $2590, 3-bedroom: $3342. Actual rent at Third Avenue Apartments may be lower for income-eligible households.
How do I apply for housing at Third Avenue Apartments?+
Third Avenue Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Contra Costa County, CA?+
For a 4-person household in Contra Costa County, CA, the income limits are: Extremely Low Income (30% AMI): $41,100, Very Low Income (50% AMI): $68,500, Low Income (80% AMI): $109,600. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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