479 Natoma Street was developed and operates with Federal housing financing.
The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.
Low Income Housing Tax Credit
The property was developed using the Low Income Housing Tax Credit Program.
This program incentivizes investors to inject capital into rental apartments for lower income Americans.
The property received a tax credit allocation in 1995 for $563,698 with a 10 year value of $5,636,980.
The property was placed in service in 1997.
30 of 30
units at 479 Natoma Street are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Qualified Census Tract and a Difficult Development Area qualifying it for additional tax credit financing.
479 Natoma Street is an affordable apartment community located in San Francisco, California
which is located in San Francisco County.
The property is located in California's 12th Congressional
District served by Representative Nancy Pelosi (D),
Senator Kamala Harris (D) and Senator Dianne Feinstein (D).
479 Natoma Street is an apartment community containing 30 rental units.
This property serves all family types. The property contains 76 bedrooms and based on typical apartment occupancy limits, 479 Natoma Street
is home to not more than 152† persons when fully occupied.
This property does not provide any Federal rent subsidies to renters
reducing total tenant payments to 30% of their adjusted income. Renters are required to
pay the full rent, even if it is in excess of 30% of their income. In some cases the
property may accept Section 8 Housing Choice vouchers.
479 Natoma Street contains a mix of 30 assisted
two, three, and four bedroom apartments for rent. There are 15 Two Bedroom, 14 Three Bedroom, and 1 Four Bedroom apartments in this property. The unit mix is 50% Two Bedroom, 47% Three Bedroom, and 3% Four Bedroom apartment rentals. The average bedroom size for 479 Natoma Street is 2.53.