Park Sunset
1353 Seventh Ave
San Francisco, San Francisco County, California 94122

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Funding Programs

Park Sunset 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

Park Sunset has a project-based Section 8 contract. 29 of the 30 total units at the property receive Section 8 assistance. This means that 97% 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 November 01, 2015 and the contract expires on October 31, 2035. The Section 8 contract rent is 170.6% 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

Park Sunset 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).

Park Sunset is an apartment community containing 29 rental units. The property contains 11 bedrooms and based on typical apartment occupancy limits, Park Sunset is home to not more than 34 persons when fully occupied.

Rent Subsidies

Park Sunset 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

Park Sunset contains a mix of 29 assisted studio and one bedroom apartments for rent. There are 18 Studio and 11 One Bedroom apartments in this property. The unit mix is 62% Studio and 38% One Bedroom apartment rentals. The average bedroom size for Park Sunset is 0.37.

California's 12th

Congressional District

29

Total Units

29

Project Based Sec. 8 Units

170.6

% of Fair Market Rent

31-Oct-35

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.37

Average Bedroom Size

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