A variety of multifamily rental complexes designed to serve low income residents have been built in the City of Elk Grove. The federal government offers developers tax incentives to build rental units affordable to low income people. A number of complexes built since Elk Grove became a city in 2000 have been partially funded by the Affordable Housing Fund fee program. The table below summarizes the amount of subsidy each multifamily complex received to provide affordable housing units to Elk Grove residents.
Note: Some of the projects have modified units with handicapped accessibility.
| Year |
Project Name |
Unit # Affordable |
Financial Assistance |
Subsidy Per Affordable Unit |
| 2002 |
Terracina Park Meadows |
116 |
$1,996,476 |
$17,211 |
| 2003 |
Agave |
187 |
$2,845,356 |
$15,216 |
| 2003 |
Geneva Point |
150 |
$2,400,493 |
$15,793 |
| 2003 |
Vintage at Laguna |
157 |
$2,036,572 |
$12,972 |
| 2005 |
The Crossing at Elk Grove |
115 |
$8,959,930 |
$77,912 |
| 2005 |
Stoneridge |
95 |
$8,054,620 |
$84,785 |
| 2006 |
Waterman Square |
83 |
$7,460,000 |
$89,880 |
| 2007 |
Montego Falls |
131 |
$4,150,000 |
$31,679 |
| 2007 |
Seasons |
221 |
$9,100,000 |
$41,176 |
| 2011 |
Ridge Apartments |
202 |
$9,652,217 |
$47,783 |
| 2011 |
Vintage at Laguna II |
68 |
$5,159,937 |
$82,352 |
| 2013 |
Avery Gardens |
63 |
$2,000,000 |
$31,746 |
| 2017 |
Bow Street |
97 |
$5,000,000 |
$51,546 |
| 2019 |
Gardens at Quail Run |
95 |
$5,000,000 |
$52,631 |
|
TOTAL |
1,780 |
$73,815,601 |
|