O
477 Ofarrell St
San Francisco, San Francisco County, California 94102

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Funding Programs

O 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

O has a project-based Section 8 contract. 101 of the 101 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, 2016 and the contract expires on December 31, 2035. The Section 8 contract rent is 121.3% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $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

O 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).

O is an apartment community containing 101 rental units. The property contains 101 bedrooms and based on typical apartment occupancy limits, O is home to not more than 151 persons when fully occupied.

Rent Subsidies

O 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

O contains a mix of 101 assisted one bedroom apartments for rent. There are 101 One Bedroom apartments in this property. The unit mix is 100% One Bedroom apartment rentals. The average bedroom size for O is 1.

California's 12th

Congressional District

101

Total Units

101

Project Based Sec. 8 Units

121.3

% of Fair Market Rent

31-Dec-35

Project Based Sec. 8 Contract Expiration

One

Unit Mix

1

Average Bedroom Size

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