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Main Street Park

1101 Main St, Half Moon Bay, California 94019

Built on former agricultural land along Main Street in downtown Half Moon Bay, Main Street Park construction began in the early 1990s and was completed in two phases: 36 affordable family units in 1996, and 28 units in 2001. Its first phase recently underwent an extensive rehabilitation. Main Street Park maintains the charming, small-town feel of Main Street with front porches and traditional coastal architectural details like shiplap siding. At the center of the site is a small public park with a play structure and open space. Adjacent to the park is the community building, computer center, and management office. Main Street Park was awarded the Gold Nugget award for Best Affordable (Attached) Property at the 2002 Pacific Coast Builders Conference (PCBC) and Project of the Year from Merritt Community Capital Corporation.

Contact Main Street Park

Message Main Street Park

Waiting List is Closed

Main Street Park is not currently accepting applications.

Last updated on July 30th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
4 Bedroom (4/1) - Income Based

Main Street Park Details

  • 36 one, two, three and four bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Playground
  • Community Room

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.

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.

Half Moon Bay Low-Income Housing Tax Credit Income Limits

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 Half Moon Bay but actual income limits may differ for units at Main Street Park.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $60,900 $69,600 $78,300 $87,000 $94,000 $100,950 $107,900 $114,850
Low Income (60%) $73,080 $83,520 $93,960 $104,400 $112,800 $121,140 $129,480 $137,820

Main Street Park 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.

Main Street Park is managed by MidPen Housing.

Image of Main Street Park
Image of Main Street Park
Image of Main Street Park

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