Low-Income Apartment Complex Opens on Elk Grove-Florin Road

A new apartment complex near Elk Grove was completely full before it was even ready for tenants to move in.

Arbor Creek, a 102-unit low-income apartment complex near Elk Grove-Florin and Calvine roads, held an open house and ribbon-cutting ceremony Thursday. It's owned and operated by Roseville-based USA Properties, which owns numerous low-income and senior housing complexes around the state and about a half-dozen in Elk Grove. 

"The fact that they have a place like this to live makes them more stable as far as buying into this area," USA Properties President and CEO Geoffrey Brown said.

Tenants pay a different rent depending on their income, which can't be more than either 50 or 30 percent of the county's median income. That means a three-person family earning $32,550 a year (50 percent of the median income) would pay $756 for a two-bedroom apartment. If that same family earned $19,530 (30 percent of the median income), they would pay $431 to rent a two-bedroom. The complex, which has one-, two- and three-bedroom units, isn't affiliated with section 8, but accepts those vouchers.

Brown said there's a lack of low-income housing in the area, and that "demand today is as great or greater than it's ever been." 

In fact, Arbor Creek already has a waiting list. 

Plans for the complex were first set in motion in 2009, and before California eliminated redevelopment funding, the Sacramento Housing and Redevelopment Agency contributed nearly $6 million to the project. Both Brown and Sacramento Housing and Redevelopment Agency Executive Director La Shelle Dozier acknowledged a stigma around low-income housing, but said the Arbor Creek complex looks just like any other apartment complex. "There is nothing about this project that screams 'affordable housing,' and that's what we want," Dozier said. Brown said tenants of the complex are carefully screened. The $24.5 million project was also financed by US Bank, which issued USA Properties a construction loan, a long-term loan and invested in the project to earn low-income tax credits. That bank has a vested interest in seeing the apartment complex succeed, because if it stops being a low-income housing complex, US Bank will lose its tax credits and be penalized, US Bank Senior Vice President John Chan said.--
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