Baywood Apartments

225 41st Street, Oakland, California 94611

Baywood Apartments, located at 225 41st Street in Oakland, has one bedroom apartments. Baywood Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Baywood Apartments

Message Baywood Apartments

Units

Unit (Bd/Ba) Ft2 Rent
Studio (1/1) - Call for Price
1 Bedroom (1/1) - Call for Price

Baywood Apartments Details

  • 77 one bedroom units.
  • Senior (62+)
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Computer Room
  • Smoke Free
  • High Speed Internet Access
  • 24 Hour Maintenance

Nearby Amenities

  • Close to Shopping
  • Near Hospital
  • Near Grocery
  • Near Pharmacy
  • Near Post Office
  • Near Bank
  • Near Restaurants

About Baywood Apartments

Located just a couple of blocks from Piedmont Avenue, Baywood Apartments offer affordable studio and one-bedroom apartment homes for seniors. Nearby banks, cafes and coffee shops, pharmacies, grocery stores, and the post office make daily errands easy. Kaiser Permanente Medical Center is less than half a mile away. The smoke-free, six-story building features elevators, high-speed internet access, and resident community room/computer center. Professionally managed by Madrona Ridge Residential, management and maintenance team members are dedicated to our residents' comfort. Baywood Apartments are well-maintained, common areas are accessible to all of our residents, twenty-four-hour emergency maintenance response is provided, and a full-time Resident Services Coordinator is available to support our valued residents with health and educational services

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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.

Oakland HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Oakland but actual income limits may differ for units at Baywood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $26,050 $29,750 $33,450 $37,150 $40,150 $43,100 $46,100 $49,050
50% $43,400 $49,600 $55,800 $61,950 $66,950 $71,900 $76,850 $81,800
80% $69,000 $78,850 $88,700 $98,550 $106,450 $114,350 $122,250 $130,100

Oakland 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 Oakland but actual income limits may differ for units at Baywood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $43,400 $49,600 $55,800 $61,950 $66,950 $71,900 $76,850 $81,800
Low Income (60%) $52,080 $59,520 $66,960 $74,340 $80,340 $86,280 $92,220 $98,160

These general income qualifications for Oakland, California should only be used as a basic guide. To find out if you qualify, contact the community directly.

Baywood Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Baywood Apartments has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Baywood Apartments is managed by Reiner Communities.

Image of Baywood Apartments
Image of Baywood Apartments
Image of Baywood Apartments

Nearby Low Income Apartment Communities

The Uptown Apartments

500 William Street
Oakland, CA
$1,773-2,677
Studio-3 BR
HCV Welcome

Lion Creek Crossings Phase I

6951 Lion Way
Oakland, CA
$843-1,432
1-5 BR
HCV Welcome

Macarthur Apartments

9800 MacArthur Blvd
Oakland, CA
$449-1,160
1-3 BR
HCV Welcome

Lion Creek Crossings

843 70th Ave
Oakland, CA
$843-1,432
1-5 BR
HCV Welcome