Catholic Charities 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 1990 for $293,671 with a 10 year value of $2,936,710.
The property was placed in service in 1992.
17 of 18
units at Catholic Charities are low income and subject to the tax credit program.
The property, at the time of the tax credit allocation,
was located in
a Difficult Development Area qualifying it for additional tax credit financing.
Catholic Charities 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).
Catholic Charities is an apartment community containing 18 rental units.
This property serves all family types. The property contains 46 bedrooms and based on typical apartment occupancy limits, Catholic Charities
is home to not more than 92† 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.
Catholic Charities contains a mix of 18 assisted
two, three, and four bedroom apartments for rent. There are 10 Two Bedroom, 6 Three Bedroom, and 2 Four Bedroom apartments in this property. The unit mix is 56% Two Bedroom, 33% Three Bedroom, and 11% Four Bedroom apartment rentals. The average bedroom size for Catholic Charities is 2.56.