The ARC Apartments
416 Bay St
San Francisco, San Francisco County, California 94133

Call (855) 598-3283, enter extension 56823, then hit #.

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Funding Programs

The Arc Apartments was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

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 $93,105 with a 10 year value of $931,050. The property was placed in service in 2001. 8 of 9 units at The Arc 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 Difficult Development Area qualifying it for additional tax credit financing.

Overview

The Arc 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).

The Arc Apartments is an apartment community containing 9 rental units. The property contains 23 bedrooms and based on typical apartment occupancy limits, The Arc Apartments is home to not more than 46 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

The Arc Apartments contains a mix of 9 assisted two, three, and four bedroom apartments for rent. There are 6 Two Bedroom, 1 Three Bedroom, and 2 Four Bedroom apartments in this property. The unit mix is 67% Two Bedroom, 11% Three Bedroom, and 22% Four Bedroom apartment rentals. The average bedroom size for The Arc Apartments is 2.56.

California's 12th

Congressional District

9

Total Units

8

Tax Credit Units

Two, Three, and Four

Unit Mix

2.56

Average Bedroom Size

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