Padre Apartments
241 Jones St
San Francisco, San Francisco County, California 94102

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Funding Programs

Padre Apartments 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

Padre Apartments has a project-based Section 8 contract. 41 of the 41 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 July 31, 1981 and the contract expires on July 30, 2021. The Section 8 contract rent is 78.5% 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 and $2,289.00 for Two 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

Padre 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).

Padre Apartments is an apartment community containing 41 rental units. The property contains 42 bedrooms and based on typical apartment occupancy limits, Padre Apartments is home to not more than 64 persons when fully occupied.

Rent Subsidies

Padre 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

Padre Apartments contains a mix of 41 assisted one and two bedroom apartments for rent. There are 40 One Bedroom and 1 Two Bedroom apartments in this property. The unit mix is 98% One Bedroom and 2% Two Bedroom apartment rentals. The average bedroom size for Padre Apartments is 1.02.

California's 12th

Congressional District

41

Total Units

41

Project Based Sec. 8 Units

78.5

% of Fair Market Rent

30-Jul-21

Project Based Sec. 8 Contract Expiration

One and Two

Unit Mix

1.02

Average Bedroom Size

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