About This Property
Mercy Village Folsom offers 81 units of affordable housing in Folsom, California, with 80 designated as low-income units. The community features a mix of studio, one-bedroom, and two-bedroom floor plans, with 59 two-bedroom units comprising the majority of the available housing. The property has been in service since 2008 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Sacramento 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 | $1,543 |
| 1 Bedroom | $1,666 |
| 2 Bedroom | $2,072 |
| 3 Bedroom | $2,884 |
| 4 Bedroom | $3,321 |
Income Limits - Sacramento County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,050
- Very Low (50%)
- $31,750
- Low (80%)
- $50,750
- Extremely Low (30%)
- $21,800
- Very Low (50%)
- $36,250
- Low (80%)
- $58,000
- Extremely Low (30%)
- $24,500
- Very Low (50%)
- $40,800
- Low (80%)
- $65,250
- Extremely Low (30%)
- $27,200
- Very Low (50%)
- $45,300
- Low (80%)
- $72,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,950
- Low (80%)
- $78,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,550
- Low (80%)
- $84,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,200
- Low (80%)
- $89,900
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,800
- Low (80%)
- $95,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,050 | $31,750 | $50,750 |
| 2 Persons | $21,800 | $36,250 | $58,000 |
| 3 Persons | $24,500 | $40,800 | $65,250 |
| 4 Persons | $27,200 | $45,300 | $72,500 |
| 5 Persons | $31,040 | $48,950 | $78,300 |
| 6 Persons | $35,580 | $52,550 | $84,100 |
| 7 Persons | $40,120 | $56,200 | $89,900 |
| 8 Persons | $44,660 | $59,800 | $95,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Folsom, CA?+
The Fair Market Rent (FMR) for Sacramento County, CA is: $1543 (Studio), $1666 (1BR), $2072 (2BR), $2884 (3BR), $3321 (4BR). Actual rent at subsidized properties like Mercy Village Folsom is typically 30% of household income or less.
What size apartments are available at Mercy Village Folsom?+
Mercy Village Folsom offers the following unit types: 8 Studio, 14 One-Bedroom, 59 Two-Bedroom units, for a total of 81 units.
How do I apply for housing at Mercy Village Folsom?+
Mercy Village Folsom 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 is the price range for apartments in Folsom, CA?+
Based on Fair Market Rent for Sacramento County, the estimated price range is: 1-bedroom: $1666, 2-bedroom: $2072. Actual rent at Mercy Village Folsom may be lower for income-eligible households.
What is the HUD inspection score for Mercy Village Folsom?+
Mercy Village Folsom has a HUD inspection score of 97 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Mercy Village Folsom?+
Mercy Village Folsom is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Sacramento County, CA?+
For a 4-person household in Sacramento County, CA, the income limits are: Extremely Low Income (30% AMI): $27,200, Very Low Income (50% AMI): $45,300, Low Income (80% AMI): $72,500. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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