Jones Memorial Homes II
1950 Post St
San Francisco, San Francisco County, California 94115

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Funding Programs

Jones Memorial Homes Ii 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

Jones Memorial Homes Ii has a project-based Section 8 contract. 101 of the 103 total units at the property receive Section 8 assistance. This means that 98% 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 July 01, 2011 and the contract expires on June 30, 2031. The Section 8 contract rent is 138.8% 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 and $1,814.00 for One 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

Jones Memorial Homes Ii 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).

Jones Memorial Homes Ii is an apartment community containing 101 rental units. The property contains 56 bedrooms and based on typical apartment occupancy limits, Jones Memorial Homes Ii is home to not more than 129 persons when fully occupied.

Rent Subsidies

Jones Memorial Homes Ii 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

Jones Memorial Homes Ii contains a mix of 101 assisted studio and one bedroom apartments for rent. There are 45 Studio and 56 One Bedroom apartments in this property. The unit mix is 45% Studio and 55% One Bedroom apartment rentals. The average bedroom size for Jones Memorial Homes Ii is 0.54.

California's 12th

Congressional District

101

Total Units

101

Project Based Sec. 8 Units

138.8

% of Fair Market Rent

30-Jun-31

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.54

Average Bedroom Size

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