University Avenue Co

1471 Addison St, Berkeley, California 94702

University Avenue Cooperative Homes is a 47 unit complex for families located at 1471 Addison Street, in Berkeley, CA. UACH is conveniently located near shopping, recreation, public transportation and freeways. UACH units are charming 1, 2 and 3 bedroom apartment homes. The facility has a number of fantastic amenities including a community room with a kitchen for small gatherings, beautifully landscaped grounds, washer dryers in some units, two laundry rooms on-site and more!

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price

University Avenue Co Details

  • 48 1, 2 and 3 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Laundry Room
  • Community Kitchen

Unit Amenities

  • Washer and Dryer Included

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Berkeley HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Berkeley but actual income limits may differ for units at University Avenue Co.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $30,000 $34,300 $38,600 $42,850 $46,300 $49,750 $53,150 $56,600
50% $50,000 $57,150 $64,300 $71,400 $77,150 $82,850 $88,550 $94,250
80% $74,200 $84,800 $95,400 $106,000 $114,500 $123,000 $131,450 $139,950

University Avenue Co is managed by The John Stewart Company.

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