Auburn Villa is managed by Preservation Partners Management Group, Inc..
Auburn Villas Senior Apartments is a 50-unit senior living development with all units subsidized through a HUD project-based age-restricted Section 8. The property is located at 628 Mikkelsen Drive, Auburn, California 95603. The development was originally constructed in 1977 and offers one-bedroom units. All units are located within three two-story buildings. Common amenities include a central laundry facility, community room with fully equipped kitchen, television, piano, and an on-site manager. Auburn Villas Senior Apartments was acquired by PPD in November 2014 for $3,500,000. Renovations were completed in April 2015.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Auburn but actual income limits may differ for units at Auburn Villa.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $22,550 | $25,750 | $28,950 | $32,150 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $37,550 | $42,900 | $48,250 | $53,600 | $57,900 | $62,200 | $66,500 | $70,800 |
80% | $60,050 | $68,600 | $77,200 | $85,750 | $92,650 | $99,500 | $106,350 | $113,200 |
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 Auburn but actual income limits may differ for units at Auburn Villa.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $37,550 | $42,900 | $48,250 | $53,600 | $57,900 | $62,200 | $66,500 | $70,800 |
Day | Hours |
---|---|
Monday | 9:00am-5:00pm |
Tuesday | 9:00am-5:00pm |
Wednesday | 9:00am-5:00pm |
Thursday | 9:00am-5:00pm |
Friday | 9:00am-5:00pm |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.