111 Montebello Ave, Mountain View, CA 94043
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
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.
Paulson Park demonstrates MidPen's skill in preserving and maximizing a major housing asset over several decades. In 1973, 149 units were built using HUD project-based Section 8 subsidies. In 1998, MidPen purchased the property, preventing its conversion to market-rate housing. To provide more housing, MidPen completed 104 new units on underutilized space. A renovation of the grounds was one of the first to follow environmental guidelines of Santa Clara County, and included drought-tolerant plants and high-efficiency irrigation. Green building measures including solar panels, high-performance windows, and insulated siding were added to all units. Residents also enjoy private patios, community vegetable gardens, a computer lab, fitness center, and several recreation and gathering rooms surrounded in a park-like setting. Paulson Park earned recognition as a Reader's Choice Finalist from Affordable Housing Finance magazine in 2009.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Paulson Park I & II does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year |
| 50% AMI for PBRA Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year |
| 60% AMI for LIHTC Units | $74,940 / year | $85,680 / year | $96,360 / year | $107,040 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Paulson Park I & II have a waiting list?
Paulson Park I & II 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 Paulson Park I & II?
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 Paulson Park I & II?
Paulson Park I & II is managed by MidPen Housing headquartered in Foster City, CA.
In addition to Paulson Park I & II, how many other affordable housing properties (and units) are there in Mountain View?
In addition to Paulson Park I & II, we list 23 other affordable properties in Mountain View. Learn about these properties here. Our data research shows that there are a total of 1578 affordable units in Mountain View.
When was the Paulson Park I & II listing last updated?
Paulson Park I & II listing on Affordable Housing Online was last updated on 02/14/2023 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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