1601 Tenaka Place, Sunnyvale, CA 94087
Waiting List Forecast: Likely Short or None
Verified for 2020 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 4 Beds | 1 Bath | 1 - 840 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Homestead Park was Sunnyvale’s first subsidized housing development and MidPen Housing’s second new development, renovated in 2001. To provide maximum open space on the ten acre site, three-story buildings with private patios or decks were constructed, a feature praised by the City of Sunnyvale’s Planning Director, who noted that more open space was provided at Homestead Park than was generally encountered in Sunnyvale. Homestead Park shares a community building with neighboring MidPen property, Moulton Plaza, which provides a community room and a computer center. There are also laundry facilities, outdoor common areas, and extensive playgrounds and lawns. Senior units are grouped together nearest to shopping and transportation, with their own laundry room and outdoor common area.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Homestead Park does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 510ft2 | Call for Price† |
| 1 Bedroom (1/1) | 655ft2 | Call for Price† |
| 2 Bedroom (2/1) | 840ft2 | Call for Price† |
| 3 Bedroom (3/1) | 1ft2 | Call for Price† |
| 4 Bedroom (4/1) | 1ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year | $110,650 / year | $117,750 / year |
| 50% AMI for PBRA Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year | $110,650 / year | $117,750 / year |
| 60% AMI for LIHTC Units | $74,940 / year | $85,680 / year | $96,360 / year | $107,040 / year | $115,620 / year | $124,200 / year | $132,780 / year | $141,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Homestead Park have a waiting list?
Homestead Park probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Homestead Park?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Homestead Park?
Homestead Park is managed by MidPen Housing headquartered in Foster City, CA.
In addition to Homestead Park, how many other affordable housing properties (and units) are there in Sunnyvale?
In addition to Homestead Park, we list 17 other affordable properties in Sunnyvale. Learn about these properties here. Our data research shows that there are a total of 1370 affordable units in Sunnyvale.
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