Watercrest Apartments

Location:

4400 Elkhorn Boulevard
Sacramento, California

Property Management:

Fairfield Properties
(916) 348-1008

Click here to visit the Fairfield website.

Project Description:

206 units (50 one-bedroom, 156 two-bedrooms), all rented to families earning 60% or less area median income.

Background & Status:

Acquisition/rehabilitation project: purchased by Fairfield Residential in 1999, renovation completed in 2001. In 2007, Wakeland entered a limited partnership with Fairfield Residential, in which Wakeland is the managing general partner.

Financing Sources:

Tax-exempt bonds and tax credits

Resident Services:

Wakeland comprehensive Resident Services programming