Friendship Village Two
40 Friendship Way
San Francisco, San Francisco County, California 94117

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Funding Programs

Friendship Village Two 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

Friendship Village Two has a project-based Section 8 contract. 90 of the 90 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 June 01, 2014 and the contract expires on May 31, 2019. The Section 8 contract rent is 56.4% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,412.00 for Zero Bedroom, $1,814.00 for One Bedroom, $2,289.00 for Two Bedroom, $2,987.00 for Three Bedroom, and $3,556.00 for Four 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

Friendship Village Two 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).

Friendship Village Two is an apartment community containing 90 rental units. The property contains 143 bedrooms and based on typical apartment occupancy limits, Friendship Village Two is home to not more than 295 persons when fully occupied.

Rent Subsidies

Friendship Village Two 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

Friendship Village Two contains a mix of 90 assisted studio, one, two, three, and four bedroom apartments for rent. There are 21 Studio, 24 One Bedroom, 22 Two Bedroom, 17 Three Bedroom, and 6 Four Bedroom apartments in this property. The unit mix is 23% Studio, 27% One Bedroom, 24% Two Bedroom, 19% Three Bedroom, and 7% Four Bedroom apartment rentals. The average bedroom size for Friendship Village Two is 1.59.

California's 12th

Congressional District

90

Total Units

90

Project Based Sec. 8 Units

56.4

% of Fair Market Rent

31-May-19

Project Based Sec. 8 Contract Expiration

Studio, One, Two, Three, and Four

Unit Mix

1.59

Average Bedroom Size

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