Sacramento County officials welcomed the opening Thursday of a new affordable housing complex aimed at families who earn less than half the county's median income.
The Arbor Creek project at Calvine and Elk Grove-Florin roads consists of 102 units of one- to three-bedroom apartments.
Rents range from $359 to $630 for a one-bedroom apartment and $498 to $874 for a three-bedroom, two-bath unit, according to the development company, the for-profit USA Properties Fund Inc. of Roseville.
The apartments - 41 units for families with incomes less than 30 percent of the county median and 61 units for families earning less than 50 percent of the county median - are already pre-leased, said Art May, vice president of USA Properties Fund Inc.
A family of four qualifying for a unit at the 50 percent rate could earn no more than $36,150 per year, according to the development company.
"In the entire Sacramento area there's a huge need for affordable housing," May said. There are more than 100 families currently on the wait list for the Arbor Creek apartments, the company said.
The complex's grand opening was attended by Sacramento County Supervisor Don Nottoli and representatives of the Sacramento Housing and Redevelopment Agency, which provided a $5.8 million loan to the $24.5 million project.
"The SHRA is an agency that really goes into communities, works with developers, and looks for opportunities to put the gap financing in there to make a project work," said SHRA Executive Director La Shelle Dozier. She said her agency has financed more than 22,000 units of affordable housing throughout Sacramento.
The new community is located across streets from a shopping center that includes a Safeway grocery store and a CVS pharmacy and is 500 feet away from Elk Grove transit.
The apartments were designed and built under the standards of the statewide Build It Green program. Units come with features such as Energy Star dishwashers and energy-efficient lighting fixtures.
"It just benefits the tenant," May said. "Their energy bills are much lower with the Build It Green standards."
The community also is served by LifeSTEPS, a social services nonprofit for affordable housing complexes.
The agency will provide adolescents in the community with after-school programs and offer their parents opportunities to learn about résumé-building and managing their finances.
Call The Bee's Brittany Torrez, (916) 321-1103. Follow her in Twitter @BrittTorrez.