Monsignor Lyne Community
118 Diamond St
San Francisco, San Francisco County, California 94114

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Funding Programs

Monsignor Lyne Community was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. Monsignor Lyne Community is among only 490 Section 202 properties in California and 6,166 in the country.

Overview

Monsignor Lyne Community 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).

Monsignor Lyne Community is an apartment community containing 19 rental units. The property contains 15 bedrooms and based on typical apartment occupancy limits, Monsignor Lyne Community is home to not more than 26 persons when fully occupied.

Rent Subsidies

Monsignor Lyne Community provides rental subsidies to renters. The type of subsidy provided to apartment renters in San Francisco, CA by this property is Section 202 Rental Assistance.

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 no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

Monsignor Lyne Community contains a mix of 19 assisted studio and one bedroom apartments for rent. There are 4 Studio and 15 One Bedroom apartments in this property. The unit mix is 21% Studio and 79% One Bedroom apartment rentals. The average bedroom size for Monsignor Lyne Community is 0.75.

California's 12th

Congressional District

19

Total Units

19

Project Based Sec. 8 Units

19

Section 202 Units

19

Senior Units

197

% of Fair Market Rent

31-Mar-30

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.75

Average Bedroom Size

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