Lakeside Senior Apartments

1507 2ND AVE, Oakland, CA 94606

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	-

Call (510) 922-1947

Waitlist Forecast

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.

Located in a prime neighborhood on the banks of Lake Merritt, Lakeside Senior Apartments is an inspiring home to 91 very low income and homeless seniors, many of whom have been displaced from their homes as Oakland continues to gentrify. Elegantly designed by David Baker, the 5-story new construction hosts spacious community rooms, onsite management and supportive resident services, a community garden and lushly landscaped outdoor space.

Project-Based Vouchers

Dave's Thoughts On Lakeside Senior Apartments

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 Lakeside Senior Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

Lakeside Senior Apartments Amenities

Community Room
On-Site Manager
Landscaping

Units at Lakeside Senior Apartments

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

Income Qualification for Lakeside Senior Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

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.

FAQs for Lakeside Senior Apartments

Does Lakeside Senior Apartments have a waiting list?

Lakeside Senior Apartments 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 Lakeside Senior Apartments ?

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 Lakeside Senior Apartments ?

Lakeside Senior Apartments is managed by Satellite Affordable Housing Associates headquartered in Berkeley, California.

In addition to Lakeside Senior Apartments , how many other affordable housing properties (and units) are there in Oakland?

In addition to Lakeside Senior Apartments , we list 244 other affordable properties in Oakland. Learn about these properties here. Our data research shows that there are a total of 13137 affordable units in Oakland.

When was the Lakeside Senior Apartments listing last updated?

Lakeside Senior Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.