All-age housing I Acquisition & Preservation

Mosaic Gardens
at Taylor Terrace
A 168-unit affordable housing community in Sacramento.

CONTACT

4058 Taylor Street
Sacramento, CA 95838

Phone: 916.929.0323
Fax: 916.263.7049
Directions | Email

OFFICE HOURS

Monday - Saturday: 9:00 am to 6:00 pm

About

Mosaic Gardens at Taylor Terrace preserves 168 affordable apartments for low-income households. Linc's rehabilitation of the property in 2013 included the addition of sustainability measures. Community areas include multi-purpose space to house a variety of resident programs, including an after-school program for youth at the property and financial education for adults.
This 168-unit all-age community located in
Sacramento was originally developed in 1994 using Low Income Housing Tax Credits, California
Department of Housing and Community Developments' Rental Housing Construction Program (RHCP), and Sacramento Housing and Redevelopment Agency (SHRA) funds. Linc Housing purchased Taylor Terrace apartments in 2009 and committed to refinancing and conducting a rehabilitation at the property when the tax credit market rebounded. In 2013, Linc completed a rehabilitation that included green improvements such as energy-efficient windows, Energy Star appliances, high efficiency HVAC units, and additional insulation. The rehabilitation also included the conversion of nine units to full ADA accessibility, community room improvements, and the addition of a new computer lab.

Property Details

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SITE

  • Income Restrictions Apply
  • Family Community
  • Number of Units: 168
  • One, Two & Three Bedroom

Apartment Features

Balcony - Upstairs
Patio - Downstairs
Central Heat / Air
Cable Ready
Walk-In Closet (2-3 bdrm)
Linen/Pantry Closets
Paid Utilities - Refuse, Sewer, Water
Refrigerator
Dishwasher
Stove
Garbage Disposal
Storage Unit

COMMUNITY FEATURES

Clubhouse w/ Fireplace
Community Kitchen
Computers w/ Internet Access
Children's Playroom
After School Activities
3 Laundry Rooms
Playground Equipment/Tot Lots
Refreshing Pool
Security Gated Access
Carports
Uncovered Parking
Convenient to Shopping
Near Hospitals
Near Schools
Near Public Transportation

PRODUCT MIX

17 units at 30% AMI
53 units at 35% AMI
17 units at 50% AMI
79 units at 60% AMI

2 manager units
1, 2, and 3 bedrooms from 650-1,050 sq. ft.
64 one-bedrooms
36 two-bedrooms
68 three-bedrooms

Sustainability

In 2013, Linc completed a rehabilitation that included green improvements such as energy-efficient windows, Energy Star appliances, high efficiency HVAC units, and additional insulation.

Development Team

Linc Housing

Developer

Gary Boyer and Associates

Architect

Ashwood Construction Inc.

Contractor

U.S. Bank

Construction Lender

Raymond James Tax Credit Funds, Inc.

Investor

PERMANENT SOURCES

Permanent Bond Loan
Existing City Loans
Existing RHCP Loan
Existing Reserves
GP Contribution
Tax-Credit Equity
GP Loan