New affordable housing units open in Chico

Mar 27, 2014 7:07 PM

With four mouths to feed on a substitute teacher's salary, Julia Espinoza had a hard time paying rent. But since she moved into Chico's newest affordable housing development, her life has gotten much better.

“It makes it much easier,” Espinoza said. “I'm not stressing about paying my rent and other bills because I have a lesser amount to pay.”

Located off East Ave. in Chico, Harvest Park Apartments held its grand opening Thursday afternoon. Stocked with dozens of brand new units and full of amenities like a workout area, computer room, community pool and playground these apartments have filled up fast.

“We have 90 units that range from one to four bedrooms,” said regional manager Debra Pratt. “We only three units left.”

But to rent one of the few available apartments, there are some income restrictions. The major one is that households must not exceed 60 percent of the area's median income. For example, a two-person household cannot exceed a combined annual income of $27,000. And if they meet that restriction, they could be eligible for a two-bedroom, two-bath unit for less than $800.

“We’re not funded by the government,” Pratt said. “It’s an IRS program where credits are given to the developer for agreeing to lease to low-income persons.”

More key features of this development: if tenants improve their incomes later on they're still able to live here at the same price and full-time students are not accepted.


Most Popular