Terracina at Laguna Creek is managed by USA Properties Fund.
***2 month FREE rent if you Move-IN by 2/15/2009***At Terracina at Laguna Creek, convenience and affordability are just the beginning. You'll be impressed by the quality amenities and professional management that encompass this neighborhood of contemporary living. Ideally located within walking distance from shopping and entertainment, Terracina at Laguna Creek offers wonderful one, two, three, and four bedrrom garden apartments. The clubhouse offers you a kitchenm television, and computer lab for adults and children to explore. So take a swim in the sparkling pool, and enjoy a barbeque with friends and family while your children discover the play area. No matter your interest, you'll be glad you chose Terracina at Laguna Creek.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 608 | $764 |
Two Bedroom (2/1) | 739 | $915 |
Three Bedroom (3/2) | 986 | $1,057 |
Four Bedroom (4/2) | 1228 | Call for Price |
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 Elk Grove but actual income limits may differ for units at Terracina at Laguna Creek.
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 |
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.