Arbor Creek Senior Apartments

      8350 Elk Grove Florin Rd , Sacramento, CA 95829
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      Community Info

      This is a Low Income Housing Tax Credit (LIHTC) Community
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      What is the LIHTC Program?

      The Low Income Housing Tax Credit (LIHTC) is a program designed to issue substantial tax credits to multifamily housing builders and owners in order to provide an incentive for them to acquire, rehabilitate, or construct rental housing for lower-income households. Funding for the LIHTC is more abundant than other programs so it represents one of the most important resources for creating affordable housing for low income households.

      It is important to note that not all LIHTC properties are built for (or appropriate for) all seniors. Make sure to check with the community to ensure that it is a good fit for your specific needs.

      Rent Based on Income

      If a community bases its rents on the resident's income then the rent will be different for each apartment, typically about 30% of the monthly income. So, for example, if a renter's adjusted income is $1200 per month, rent would be around $300 - $400 per month.

      If rent is not based on the resident's income then the rent is a fixed amount for each apartment. For most communities that do not base their rent on the resident's income but still participate in federal programs, the rent set will be far below the standard area rent prices.

      Many of these communities will require that the resident not make over a certain amount in order to qualify.

      How To Apply

      It is not uncommon to not hear back from Affordable Housing Providers when leaving messages. Many property managers will float from one property to another and will have several communities that they are responsible for managing. If you are not successful with calling and submitting contact forms, you may find it more beneficial to visit the community in person to speak with the manager directly. If a manager is not available when you go by, try to ask a community resident if they know what days and hours that the manager normally keeps. if you can't go yourself, try to ask a relative or friend to go on your behalf.

      Application Tips

      1. Please keep in mind that most communities will charge an application fee, typically between $25 and $50
      2. If you apply at several communities you will need to apply at each one separately and pay an application fee for each one separately.
      3. Application fees usually will need to be in the form of a money order, most communities will not accept cash or checks.
      4. Application Fees are not refundable
      5. You will need to speak with the manager at the community to find out what other information you will need to submit in order to apply. Most will require at least:
        • Drivers License or state or government issued picture ID
        • Copy of your Social Security Card
        • Proof of ALL Income
        • Bank Statements for ALL Accounts
        • 3 Credit References
        • 3 Personal References
        • You will probably have to sign a release for a credit check and a criminal background check.
      Good Luck!

      How to Find Low Income Senior Apartments

      Low-income senior apartments are housing units specifically designed for older adults with limited income. Finding low-priced apartment options can be quite challenging for seniors without the right tools. It is always important to keep a few things in mind before making an apartment selection. Each program has very specific income and age limits along with other eligibility criteria to qualify for that particular program. They offer affordable rents and can be a great option for seniors who need some financial assistance for housing.

      Table of Contents

      1. Benefits of Low-Income Senior Apartments
      2. Eligibility Requirements to Qualify for Affordable Senior Apartments
      3. Who is a Low-Income Senior
      4. What to Look for in Senior Apartments
      5. Understanding Waiting Lists for Senior Apartments
      6. Paying for Low-Income Senior Apartments
      7. Where to Find Subsidized Senior Apartments (only on Senioridy)

       

      Benefits of Low-Income Senior Apartments

      If your loved one’s budget is a priority, low-income senior apartments are the best option that offer a much-needed lifeline for older adults, prioritizing safety features and socialization opportunities. This allows the elderly to live with peace of mind surrounded by a community of similar-aged residents. These affordable senior apartments offer a significantly lower rent compared to regular market rates, helping seniors focus on finances for more substantial needs like medication, groceries, and utilities. This financial security can allow them to stay independent and live within their means.

      Eligibility Requirements to Qualify for Affordable Senior Apartments

      There are specific criteria to meet when applying for affordable senior apartments. This section explains the eligibility requirements, including age, income limitations, and other factors. While there may be others that are available, the most popular low income senior housing programs are offered as either tax credits to developers or as subsidies to communities or tenants. The three programs that offer the greatest help to seniors are:

      These are each very different programs, and each program imposes its own unique requirements and processes to qualify. While some of the programs below are specific to the elderly, many are not and may not have some of the supportive services that are needed by an aging person.

      Who is a Low-Income Senior?

      A low-income senior is an older adult whose income falls below a specific level established by the government. Defining low-income is based on a percentage of the Area Median Income (AMI) established by the Department of Housing and Urban Development (HUD) for your area of interest. HUD Apartments for Seniors offers the Section 202 Supportive Housing for the Elderly. This program is a great choice when you are looking for a fixed income senior housing option, making them ideal for seniors with limited income. 

      What to Look for in Senior Apartments

      One of the key factors to look at when choosing a senior apartment is affordability. Finding affordable senior housing is a top priority for most seniors with a fixed income. Another important factor is the location where you want to live; consider the distance of the apartment of your choice and its proximity to essential amenities such as hospitals, pharmacies, stores and banks. It is always good to find a vibrant community among your options, with a sense of belonging and connection between the residents. Besides all these important features mentioned, try to look for secured front entries with non-public access, well-lit walkways and common areas, and 24/7 emergency call systems. Your loved one’s safety should always be a consideration.

      Understanding Waiting Lists for Senior Apartments

      It's a common possibility that due to high demand for low cost senior housing, many low-income senior apartments have waiting lists. Starting earlier and gathering all your documents necessary to continue with the process will increase your chances of finding a suitable option sooner. Keep in mind that some programs might prioritize applicants based on specific criteria such as greater need, program preferences and dates of application.

      Remember to maintain a fluid communication with the program’s administrators in order to receive frequent updates on your application status and to notify them about your income or information changes, always maintain your information accurately to avoid delays.

      Paying for Low-Income Senior Apartments

      A low-income senior apartment might be your best option when looking for affordable housing if you are a senior citizen. But before you make your decision, it is important to break down how these apartments are paid for. 

      Subsidized senior housing is a type of rent specifically designed for seniors with limited income. The government or a non-profit organization offers financial assistance by paying a portion of the rent on your behalf, significantly reducing your monthly expense. With this, you will be able to focus on your more important expenses and even have the chance to save money for yourself. 

      In addition, there is the income-based rent in which the payment amount is adjusted to your gross income, being reflected by your ability to pay. Keep in mind that some communities offer additional services or utilities that might not be included in your monthly rent fees. It is essential to stay informed and evaluate your options before making a decision. 

      Where to Find Subsidized Senior Apartments 

      If you’re evaluating your options, Senioridy’s full directory of affordable senior housing and apartments will be very helpful for you. Browse our different communities listing photo galleries, videos, locations, amenities and so much more. Find what low income senior living near you today with just a few clicks!