Vineyard at Sycamore Place is managed by New Beginnings Housing LLC.
Vineyard at Sycamore Place features one-and two-bedroom apartments for residents 55 and older and is conveniently located in downtown Caldwell near the Caldwell Library and Senior Center, shopping, banking, medical services and Fairview Golf Course. The community has been built to energy efficient standards, helping to reduce resident energy costs and improve livability. Amenities include community gardens, a community room with a mini-kitchen, exercise room, computer and library study room, game room, theater room and activity room. The property has an elevator and is fully accessible, with secured access and security cameras. Each residence will offer dishwasher, microwave, stove, refrigerator, and disposal, and washer/dryer hookups, as well as a private balcony and storage.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
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.
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.