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.
Recent Affordable Housing Projects in Elk Grove
| Project Name | Status | Affordable Units | City Loan Amount | Subsidy Per Affordable Unit | |||
|---|---|---|---|---|---|---|---|
| The Pardes 1 | Under construction, completion anticipated in late 2025 | 95 | - | - | |||
| Poppy Grove | Under construction, completion anticipated in mid 2025 | 384 | - | - | |||
| The Lyla | Under construction, completion anticipated in late 2024 | 291 | $6,000,000 | $20,619 | |||
| The Gardens at Quail Run II | Completed in 2023 | 107 | - | - | |||
| The Gardens at Quail Run I | Completed in 2021 | 95 | $4,823,851 | $50,777 | |||
| Bow Street | Completed in 2019 | 97 | $5,000,000 | $51,546 | |||
| Total | 1,069 | $15,823,851 |
Financial Contributions to Affordable Housing Projects
| Project Name | Year Built | Affordable Units | City Loan Amount | Subsidy Per Affordable Unit |
|---|---|---|---|---|
| The Gardens at Quail Run I | 2021 | 95 | $4,823,851 | $50,777 |
| Bow Street | 2019 | 97 | $5,000,000 | $51,546 |
| Avery Gardens | 2015 | 63 | $2,000,000 | $31,746 |
| Vintage at Laguna II | 2012 | 68 | $5,159,937 | $75,881 |
| Ridge Apartments | 2012 | 202 | $9,652,217 | $47,783 |
| Seasons | 2008 | 221 | $9,100,000 | $41,176 |
| Montego Falls | 2008 | 131 | $4,150,000 | $31,679 |
| Waterman Square | 2007 | 83 | $7,160,000 | $86,265 |
| Stoneridge | 2007 | 95 | $8,225,620 | $86,585 |
| The Crossings at Elk Grove | 2007 | 115 | $8,959,930 | $77,912 |
| Geneva Point | 2006 | 150 | $1,700,000 | $11,333 |
| Vintage at Laguna | 2005 | 157 | $1,750,000 | $11,146 |
| Agave | 2005 | 187 | $2,500,000 | $13,369 |
| Terracina Park Meadows | 2004 | 116 | $1,996,476 | $17,211 |
| Total | 1,780 | $72,178,031 |