3701 Peralta Blvd, Fremont, CA 94536
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Funded through the HUD 202 Supportive Housing for the Elderly Program and the Low Income Housing Tax Credit Program, Cottonwood Place includes 98 new affordable apartments for low income seniors aged 62 and older. The development also includes 9,035 sq. ft. of clinic and day center space for On Lok Lifeways, a Program of All-inclusive Care for the Elderly (PACE) provider offering medical, social and supportive services to frail seniors to help them age in place.
Cottonwood Place is designed to achieve a high GreenPoint rated score of 200, and is on track to be the greenest multi-family development in California. This innovative community is constructed using sustainable building methods and will incorporate a number of features to ensure its long-term energy-efficiency and sustainability. The development includes an on-site community room, landscaped central courtyard, and raised gardening beds for resident use. The City of Fremont Human Services Department - Senior Support Services Division will provide service coordination to identify needs and connect seniors with community-based services.
For nearly 40 years, On Lok Senior Health Services has helped the older members of our community maintain independence and dignity. On Lok Lifeways innovated the PACE model of care, a customized, community based health care service delivery model which integrates comprehensive medical care, social services, meals, transportation and home care. Designed to help the oldest members of the community remain living in their own homes while receiving essential services and support, the On Lok Lifeways Program is currently meeting the needs of seniors at 10 Bay Area centers. On Lok is pleased to expand to its 11th center in Fremont, in partnership with Eden Housing.
Because Cottonwood Place participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $31,050 / year | $35,500 / year | $39,950 / year | $44,350 / year | $47,900 / year | $51,450 / year | $55,000 / year | $58,550 / year |
| 50% AMI for LIHTC Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year | $91,700 / year | $97,650 / year |
| 50% AMI for PBRA Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year | $91,700 / year | $97,650 / year |
| 60% AMI for LIHTC Units | $62,160 / year | $71,040 / year | $79,920 / year | $88,740 / year | $95,880 / year | $102,960 / year | $110,040 / year | $117,180 / year |
| 80% AMI for PBRA Units | $78,550 / year | $89,750 / year | $100,950 / year | $112,150 / year | $121,150 / year | $130,100 / year | $139,100 / year | $148,050 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cottonwood Place have a waiting list?
Cottonwood Place 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 Cottonwood Place?
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 Cottonwood Place?
Cottonwood Place is managed by Eden Housing headquartered in Hayward, California.
In addition to Cottonwood Place, how many other affordable housing properties (and units) are there in Fremont?
In addition to Cottonwood Place, we list 32 other affordable properties in Fremont. Learn about these properties here. Our data research shows that there are a total of 2636 affordable units in Fremont.
When was the Cottonwood Place listing last updated?
Cottonwood Place listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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