Vista Del Monte
49 Goldmine Dr
San Francisco, San Francisco County, California 94131

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Funding Programs

Vista Del Monte was developed and operates with Federal housing financing. The property utilizes 2 Federal housing programs to make rent affordable to lower income tenants. These programs are Low Income Housing Tax Credit and Project Based Sec. 8.

Section 8

Vista Del Monte has a project-based Section 8 contract. 94 of the 104 total units at the property receive Section 8 assistance. This means that 90% 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 February 01, 2001 and the contract expires on January 31, 2021. The Section 8 contract rent is 157.7% 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, $2,289.00 for Two Bedroom, $2,987.00 for Three Bedroom, and $3,556.00 for Four 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.

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 2004 for $887,786 with a 10 year value of $8,877,860. The property was placed in service in 2005. 104 of 104 units at Vista Del Monte 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.


Vista Del Monte 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).

Vista Del Monte is an apartment community containing 94 rental units. This property serves all family types. The property contains 228 bedrooms and based on typical apartment occupancy limits, Vista Del Monte is home to not more than 444 persons when fully occupied.

Rent Subsidies

Vista Del Monte 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

Vista Del Monte contains a mix of 94 assisted one, two, three, and four bedroom apartments for rent. There are 23 One Bedroom, 17 Two Bedroom, 45 Three Bedroom, and 9 Four Bedroom apartments in this property. The unit mix is 24% One Bedroom, 18% Two Bedroom, 48% Three Bedroom, and 10% Four Bedroom apartment rentals. The average bedroom size for Vista Del Monte is 2.19.

California's 12th

Congressional District


Total Units


Tax Credit Units


Project Based Sec. 8 Units


% of Fair Market Rent


Project Based Sec. 8 Contract Expiration

One, Two, Three, and Four

Unit Mix


Average Bedroom Size

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