The Foundation
1297 Park Ave., Chico, California 95928
The Foundation will be new affordable housing for working families, vulnerable seniors, and those with special needs at the corner of East 13th Street and Park Avenue in the City of Chico. The four-story residential building will feature common space that includes a community kitchen, a computer lab, and multipurpose rooms for onsite resident services. To promote healthy living and encourage interaction among residents, a central courtyard will feature outdoor barbecues, seating and recreation areas, a community garden, and a small pet park.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 476 | Call for Price |
| One Bedroom (1/1) | 647 | Call for Price |
| Two Bedroom (2/1) | 885 | Call for Price |
| Three Bedroom (3/1) | 920 | Call for Price |
This property is currently under construction.
Waiting List is Open Until Further Notice
Some units at this property are available through Housing Authority of the County of Butte's The Foundation Section 8 Project-Based Voucher Waiting List. Learn how to apply to this waiting list here.Eligibility for The Foundation
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 Chico but actual income limits may differ for units at The Foundation.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
|---|---|---|---|---|---|---|
| Very Low Income (50%) | $28,900 | $33,000 | $37,150 | $41,250 | $44,550 | $47,850 |
| Low Income (60%) | $34,680 | $39,600 | $44,580 | $49,500 | $53,460 | $57,420 |
The Foundation Details
- 59 studio, one, two and three bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Elevator
- BBQ and Picnic Area
- Computer Lab
- Community Room
- Energy Efficient Design
- On-Site Social Services
- Community Garden
- Laundry Facilities
- Wireless Internet Access
- Courtyard
- Community Kitchen
Unit Amenities
- Dishwasher
- Microwave
- Cable Ready
- Window Coverings
- Carpet
- Refrigerator
- Balconies or Patios Available
- Central Heat & Air
- Stove
- Energy Efficient Appliances
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.
Nearby Low Income Apartment Communities like The Foundation
Valley View Apartments
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