8th And Howard Family Apartments 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 2001 for $805,553 with a 10 year value of $8,055,530.
The property was placed in service in 2003.
73 of 74
units at 8th And Howard Family Apartments 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.
8th And Howard Family Apartments 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).
8th And Howard Family Apartments is an apartment community containing 74 rental units.
This property serves all family types. The property contains 158 bedrooms and based on typical apartment occupancy limits, 8th And Howard Family Apartments
is home to not more than 310† 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.
8th And Howard Family Apartments contains a mix of 74 assisted
one, two, and three bedroom apartments for rent. There are 12 One Bedroom, 40 Two Bedroom, and 22 Three Bedroom apartments in this property. The unit mix is 16% One Bedroom, 54% Two Bedroom, and 30% Three Bedroom apartment rentals. The average bedroom size for 8th And Howard Family Apartments is 2.14.