Safe, secure, and affordable housing is essential to the health and wellbeing of individuals, families, and the overall community. To promote strong economic growth and stability, communities must be able to offer a variety of housing types including affordable housing.
The City of Folsom has an affordable housing program designed for potential homeowners who are low- to very low-income. At this time, there are not any new units planned for the program, however, there are currently over 75 existing deed restricted affordable units in the city. When current homeowners decide to sell these units they must sell them to other very low- or low-income buyers at an affordable price set by the city.
To purchase one of the affordable units in the program, your income must be less than the amount identified in the Annual Income Limits Table for your household size for the income level (low or very-low) of the specific unit.
As for-sale deed restricted affordable units become available, they are listed on the NeighborWorks® Sacramento website. If there are no units listed, you are encouraged to check back frequently since an affordable unit may be posted at any time. If you have questions about a specific property for sale, including to set up a showing, please contact the seller’s agent. That person will be listed in the ad for the property.
Further information about the Folsom Resale Program is available in the Program Guidelines which contains important information for prospective homebuyers regarding the occupancy and re-sale restrictions of owning an affordable home and includes "Frequently Asked Questions" about the program.
The City of Folsom creates affordable units by subsidizing projects that are 100 percent affordable and by requiring developers of market rate projects to include a percentage of affordable units within the project or pay a fee to help fund future affordable projects.
A list of the communities that offer affordable rental opportunities in the City of Folsom is provided below. Each of these communities is privately owned and operated. As such, interested parties should contact the leasing agent at each property that they are interested in to get specific details about affordable rental opportunities at that location.
Please note that most of the affordable housing communities in the city are currently full and that waiting lists for future tenants are common.
|Apartment Complex||Very Low Income 0-50%||Low Income 51-80%|
|Affordable Housing Units (Seniors)|
|Vintage Willow Creek - 1701 Creekside Drive
|55 units||129 units (60% of median income)|
|Creekview Manor - 1720 Creekside Drive
|Affordable Rental Units (Multi-Family)|
|Folsom Gardens - 713 Stafford Street
|95 units (30% of median area income)||N/A|
|Mercy Village Folsom - 1160 Duchow Way
|Natoma Arms - 101 Natoma Street
|16 units||4 units|
|Granite City Apts - 1150 Sibley Street
|17 units||63 units|
|Forestwood Apts - 9483 Greenback Lane
|39 units||15 units|
|Bidwell Pointe - 125 E. Bidwell Street
| 14 units
|| 86 units
|Transitional Affordable Rental Units|
|Folsom Oaks Apts - 809 Bidwell Street
Sacramento County distributes federal vouchers that provide financial assistance to very low-income individuals, the elderly, and the disabled to help pay for decent, safe, and sanitary rental housing in the private market.
The Housing Choice Voucher program (formerly known as Section 8) is the federal government's major program for assisting very low-income families, the elderly, and the disabled to afford decent, safe, and sanitary housing in the private market. For more information, please contact the Sacramento Housing and Redevelopment Agency at 916-440 1390 or 916-444-9210.
AB987 Affordable Housing Database
In accordance with the provisions of AB 987, the Redevelopment Agency of the City of Folsom (Agency), prior to its dissolution on February 1, 2012, prepared a database of affordable housing units in the City of Folsom that were developed or otherwise assisted with Low and Moderate Income Housing Funds, including units counted to meet inclusionary and replacement housing obligations.
Please be aware that this is only a record of affordable housing that has been assisted with Low and Moderate Income Housing Funds; it is not a listing of currently available housing.
An electronic copy of the Agency’s AB 987 Database is provided below.
AB 987 Affordable Units