Colosimo Apartments
3290 25th Street
San Francisco, San Francisco County, California 94110

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Funding Programs

Colosimo Apartments was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Colosimo Apartments has a project-based Section 8 contract. 11 of the 11 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on September 01, 2014 and the contract expires on August 31, 2034. The Section 8 contract rent is 133.2% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $2,289.00 for Two Bedroom.

28% of California properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Colosimo 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).

Colosimo Apartments is an apartment community containing 11 rental units. The property contains 22 bedrooms and based on typical apartment occupancy limits, Colosimo Apartments is home to not more than 44 persons when fully occupied.

Rent Subsidies

Colosimo Apartments provides rental subsidies to renters. The type of subsidy provided to apartment renters in San Francisco, CA by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Colosimo Apartments contains a mix of 11 assisted two bedroom apartments for rent. There are 11 Two Bedroom apartments in this property. The unit mix is 100% Two Bedroom apartment rentals. The average bedroom size for Colosimo Apartments is 2.

California's 12th

Congressional District

11

Total Units

11

Project Based Sec. 8 Units

133.2

% of Fair Market Rent

31-Aug-34

Project Based Sec. 8 Contract Expiration

Two

Unit Mix

2

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data