The result of a visionary partnership between MidPen Housing and the City of Fremont, Stevenson Terrace will provide 80 low-income working families with new, affordable rental homes in Fremont’s Central District. Located in close proximity to Fremont’s Central Park, Stevenson Terrace will be an integral part of a vibrant mixed-use, mixed-income neighborhood that also includes new market-rate housing. With the Fremont BART station, AC Transit and the VTA lines just a few blocks away, Stevenson Terrace residents will have easy to public transportation and will be able to walk to shopping, nearby parks, and many other community amenities. The community also offers onsite amenities such as a community room, computer lab, children’s playground area, secured bike storage, resident storage areas, and private covered porches or balconies with views of the surrounding hills. Stevenson Terrace will employ several green features, including: a solar hot water system, rooftop solar energy panels, energy-efficient appliances, and drought-tolerant landscaping.
|1 Bedroom (1/1)||497-521||From $587 To $1,174|
|2 Bedroom (2/1)||736-911||From $704 To $1,408|
|3 Bedroom (3/1)||979-1,194||From $813 To $1,627|
Stevenson Terrace is not currently accepting applications.Last updated on July 30th, 2019
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 Fremont but actual income limits may differ for units at Stevenson Terrace.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Low Income (60%)||$62,160||$71,040||$79,920||$88,740||$95,880||$102,960||$110,040||$117,180|
Stevenson Terrace is managed by MidPen Housing.
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.