Lassen Apartments
441 Ellis Street
San Francisco, San Francisco County, California 94102

Call (855) 598-3283, enter extension 13259, then hit #.

Request an Application

About The Property:

Quiet affordable housing senior community for 62 years or older or disabled. Located near shopping, senior center, museum, library and bus line. On site laundry facility, community room, computer room and management office. Many activities throughout the month. Please contact site manager for more details.

Unit Information

Unit Bed/Bath Rent
Studio /1 $
One Bedroom 1/1 $

Property Amenities

  • Controlled Access
  • Community Room
  • Laundry Room
  • 24hr Emergency Maintenance

Unit Amenities

  • Garbage Disposal
  • Microwave
  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Close to Business District
  • Close to Dining
  • Close to Downtown District
  • Close to Public Transportation
  • Close to Shopping
  • Near Library
  • Near Park

Pet Policy

No

Managed By EPMI

Funding Programs

Lassen Apartments was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Lassen Apartments has a project-based Section 8 contract. 81 of the 81 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 January 01, 2014 and the contract expires on December 31, 2033. The Section 8 contract rent is 130.4% 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 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.

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 2002 for $240,101 with a 10 year value of $2,401,010. The property was placed in service in 2002. 80 of 81 units at Lassen 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.

Overview

Lassen 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).

Lassen Apartments is an apartment community containing 81 rental units. This property serves seniors. The property contains 48 bedrooms and based on typical apartment occupancy limits, Lassen Apartments is home to not more than 105 persons when fully occupied.

Rent Subsidies

Lassen 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

Lassen Apartments contains a mix of 81 assisted studio and one bedroom apartments for rent. There are 33 Studio and 48 One Bedroom apartments in this property. The unit mix is 41% Studio and 59% One Bedroom apartment rentals. The average bedroom size for Lassen Apartments is 0.59.

California's 12th

Congressional District

81

Total Units

80

Tax Credit Units

81

Project Based Sec. 8 Units

80

Senior Units

130.4

% of Fair Market Rent

31-Dec-33

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.59

Average Bedroom Size

Find More in San Francisco

Search Nearby Affordable Housing

Find More in San Francisco County

Search Nearby Affordable Housing

Find More in California

Search Nearby Affordable Housing

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