Franco Center Apartments

144 Mun Kwok Ln, Stockton, California 95202

Contact Franco Center Apartments

Franco Center is a 112-unit affordable housing community for senior citizens. Located in Stockton, Calif., the building was acquired from Housing Authority of the County of San Joaquin following the largest municipal bankruptcy in the history of the United States. The community, which is 100% section 8 housing, was rehabilitated by Community Preservation Partners (CPP), preserving affordability and enhancing the quality of lives for hundreds of seniors.

Eligibility for Franco Center Apartments

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 Stockton but actual income limits may differ for units at Franco Center Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$18,450	$21,050	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$30,700	$35,100	$39,500	$43,850	$47,400	$50,900	$54,400	$57,900
80%	$49,100	$56,100	$63,100	$70,100	$75,750	$81,350	$86,950	$92,550

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 Stockton but actual income limits may differ for units at Franco Center Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$30,700	$35,100	$39,500	$43,850	$47,400	$50,900	$54,400	$57,900

Franco Center Apartments Details

112 bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Controlled Access
Community Room
Surveillance Cameras
Computer Room
Laundry Facility
Convenient Location

Unit Amenities

Air Conditioning

Section 8 Project-Based Rental Assistance (PBRA)

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.

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.