The Uptown Apartments, located at 500 William Street in Oakland, has studio, one, two and three bedroom apartments. The Uptown Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
As of March 2017, there are no 2 or 3 bedroom units available, but the waiting list is open. The rent for the BMR 2 bedroom is $2,277.00 per month and to qualify the household will need to make $54,468 gross annually. The rent for the BMR 3 bedroom is $2,627.00 per month and to qualify the household will need to make $63,048 gross annually.Last updated on March 27th, 2017
This low income waiting list is closed and management does not opening it in the immediate future.Last updated on March 27th, 2017
|Junior 1 Bedroom (1/1)||-||$1,835|
|1 Bedroom (1/1)||776||$1,897|
|2 Bedroom (2/2)||1085||$2,277|
|3 Bedroom (3/2)||1535||$2,677|
New LEED Silver certified apartment community located in downtown Oakland, CA with studio, 1 bedroom, 2 bedroom and 3 bedroom apartments available at reduced rents for qualified moderate income households. The Uptown is located in the Arts and Entertainment District, across from Fox Theater, just 2 blocks to BART and 12 minutes to SF by BART. All prospective households must meet the credit and criminal background qualifications in order to qualify. Disabled and other applicants are encouraged to apply. Income and other restrictions apply. SECTION 8 and other subsidized voucher holders are welcome to apply. Equal Opportunity Provider.
Security deposits are required: Studios and 1 Bedrooms require a $500 deposit, 2 Bedrooms require a $700 deposit and 3 bedrooms require a $900 deposit.
Parking is an additional $100 per month for the first space and there is a waiting list for parking.
This property has both an affordable housing component and a Below Market Rate component. As of March 2017, there is a waiting list for the affordable housing units and it is presently closed. Management does not anticipate opening it in the immediate future. The waiting list for the Below Market Rate units is open with limited availability.
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.
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 The Uptown 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|
The Uptown Apartments 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.
The Uptown Apartments is managed by Forest City Management.