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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 tw...

Central Valley School District buys Broadway Square apartment complex > Spokane Journal of Business

Spokane Valley - based Central Valley School District has bought for $2.3 million the Broadway Square Apartments complex at 11910 E. Broadway, in Spokane Valley , and plans to demolish it to make room for the envisioned replacement of North Pines Middle School , says Ben Small, district superintendent . North Pines Middle School , which serves about 500 students, is located on 14.5 acres of adjacent land at 607 N. Pines Road. Small says the district bought the 2.4-acre, 50- unit apartment complex with funds from a $ 113 million bond measure , which voters approved in February 2015. The district anticipates including construction funding for the planned middle school relocation project in a future ballot measure that would go before voters in the spring of 2018, he says. Small says a district facilities assessment conducted in 2010 concluded North Pines Middle School should be replaced. “Its systems and structures...