A list of the communities that offer affordable rental opportunities in Folsom is provided below. Each community is privately owned and operated. Please contact the leasing agent at each property for 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.

Existing Affordable Housing List

Affordable Housing Units (Seniors)

Affordable Rental Units (Multi-Family)

Transitional Affordable Rental Units

Folsom’s affordable housing re-sale program is 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 more than 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.

As for-sale deed restricted affordable units become available, they will be listed on this website.

There are no units currently for sale.

PURCHASING A DEED RESTRICTED UNIT

To purchase an affordable unit your household income must below the threshold outlined in the Annual Income Limits Table for your household size and the specific income level (low to very-low) of the unit.

When a unit is available, prospective low-income buyers whose income meets the unit-specific requirement must submit the necessary documentation to get their income certified.

The City of Folsom partners with NeighborWorks of Sacramento to certify income of potential buyers of these units. Required paperwork for the Income Certification includes, but is not limited to the following:

• Customer Intake Form: Fully completed and signed
• Proof of Income: Most recent 3 months’ proof of income from all household members over 18 including all sources – pay stubs, social security, retirement, pension, etc.
• Tax Returns: Last 3 years' W-2s and tax returns
• Bank Statements: Most recent 3 months’ bank statements from all bank accounts, showing adequate funds for the purchase if making a cash offer
• Investment Statements: Most recent 3 months’ investment statements from all accounts (stocks, bonds, money market, CDs, etc.)
• Pre-Approval Letter: From lender, if financing the purchase

FREQUENTLY ASKED QUESTIONS

More information about the Folsom Resale Program is available in the Program Guidelines, which contain important information for prospective homebuyers regarding the occupancy and resale restrictions of owning an affordable home. You can also review our Folsom Resale Program FAQ webpage.

The City of Folsom creates affordable units by subsidizing projects that are 100% 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.

Sacramento County distributes federal vouchers that provide financial assistance to very low-income individuals, the elderly, and people with disabilities to help pay for decent, safe, and sanitary rental housing in the private market.

For more information about the Housing Choice Voucher program, formerly known as Section 8, please contact the Sacramento Housing and Redevelopment Agency at 916-440 1390 or 916-444-9210.

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 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.

Agency’s AB 987 Database: AB 987 Affordable Units (The document was last updated March 3, 2016.)