Folsom Gardens II is managed by Mercy Housing.
Built between 1971 and 1974, Folsom Gardens Apartments is a 4-acre 95-unit residential housing development located in the heart of Folsom, California. The property features six two-story apartment buildings, two laundry rooms, a community center and is located near the neighborhood elementary school and central park. Mercy Housing acquired and rehabilitated the property in 1998.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
The Folsom Gardens Phase 2 waiting list is currently open until further notice.
Last updated on December 3rd, 2018Generally, 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 Folsom but actual income limits may differ for units at Folsom Gardens II.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $22,550 | $25,750 | $28,950 | $32,150 |
50% | $37,550 | $42,900 | $48,250 | $53,600 |
80% | $60,050 | $68,600 | $77,200 | $85,750 |
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.
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.