Woodlands Newell, located at 1761-1767 Woodland Ave in East Palo Alto, has studio, one, two, three and four bedroom apartments. Woodlands Newell participates in the Low-Income Housing Tax Credit (LIHTC) program.
Woodlands Newell is not currently accepting applications.Last updated on July 31st, 2019
|Studio (Studio/1)||394-465||Call for Price|
|1 Bedroom (1/1)||715||Call for Price|
|2 Bedroom (2/1)||786-880||Call for Price|
|3 Bedroom (3/1)||991-1,062||Call for Price|
|4 Bedroom (4/1)||1,217||Call for Price|
Woodlands Newell is a newly renovated affordable housing community for families in East Palo Alto. In 2013, two neighboring MidPen properties communities became one to more efficiently refinance and renovate them together. In fall 2014, renovation completed and the two properties were renamed Woodlands Newell. The extensive rehabilitation involved both interior and exterior renovations. Some of these enhancements included: new interior flooring, cabinetry, and bathroom fixtures; new exterior siding and stucco; double-pane windows; seismic upgrades to the carports; and energy-efficient features such as a solar hot water system. Woodlands Newell’s community building was also completely rehabilitated, and now includes a kitchen, computer lab, management offices, and an After School Program classroom.
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.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in East Palo Alto but actual income limits may differ for units at Woodlands Newell.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$56,450||$64,500||$72,550||$80,600||$87,050||$93,500||$99,950||$106,400|
|Low Income (60%)||$67,740||$77,400||$87,060||$96,720||$104,460||$112,200||$119,940||$127,680|
Woodlands Newell was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Woodlands Newell is managed by MidPen Housing.