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. The majority of complexes built since Elk Grove became a city in 2000 have been partially funded by the Affordable Housing Fund fee program.
The tables 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.
Affordable Housing Projects Under Construction in Elk Grove
| Project Name | Status | Affordable Units | City Loan Amount | Subsidy Per Affordable Unit | |||
|---|---|---|---|---|---|---|---|
| MOSA | Under construction, completion anticipated in mid 2025 | 384 | - | - | |||
| The Lyla | Under construction, completion anticipated in late 2024 | 291 | $6,000,000 | $20,619 | |||
| Total | 770 | $6,000,000 |
Existing Affordable Housing Stock
| Project Name | Year Built | Affordable Units | City Loan Amount | Subsidy Per Affordable Unit |
|---|---|---|---|---|
| Gardens at Quail Run II | 2023 | 107 | - | - |
| 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 |
| Village Crossing | 2001 | 100 | - | - |
| Renwick Square | 1998 | 149 | - | - |
| Terracina at Laguna Creek | 1997 | 135 | - | - |
| Terracina at Elk Grove | 1993 | 123 | - | - |
| TOTAL | 2,394 | |||
| Total units with a City financial contribution | 1,780 | $72,178,031 |