Palm Terrace

1040 Red Hawk Lane, Auburn, California 95603

Contact Palm Terrace

Choose from spacious two, three and four bedroom apartment homes, each with a fully-equipped kitchen, breakfast bar, washer/dryer connection, plush carpeting, private patio or balcony and additional storage. Community amenities include a sparkling swimming pool, clothes care center, recreation room with big-screen TV, two tot lots, fitness center, walking trail and KidsFirst after-school program.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	915	From $952
Three Bedroom (3/2)	1125	From $1,093
Four Bedroom (4/2)	1308	From $1,213

Eligibility for Palm Terrace

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 Palm Terrace.

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
Low Income (60%)	$45,060	$51,480	$57,900	$64,320	$69,480	$74,640	$79,800	$84,960

Palm Terrace Details

80 two, three and four bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Fitness Center
Playground
Clubhouse
Pool
Custom Accent Wall Program
Online Payments Accepted
Energy Star Appliances
Walking Trails
Laundry Facility

Unit Amenities

Washer and Dryer Hookup
Breakfast Bar
Kitchen Pantry
Private Patios

Nearby Amenities

Close to Public Transportation

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.