500 William Street, Oakland, CA 94612
Waiting List Forecast: Likely Short or None
Verified for 2024 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,773 - 2,677 per Month† | Studio - 3 Beds | 1 - 2 Baths | - |
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.
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.
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 The Uptown 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 20/50 election, this property has agreed to set aside at least 20% of its units for families and individuals earning 50% of Area Median Income (AMI). Many of these 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 very low incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 525ft2 | $1,773† |
| Junior 1 Bedroom (1/1) | - | $1,835† |
| 1 Bedroom (1/1) | 776ft2 | $1,897† |
| 2 Bedroom (2/2) | 1085ft2 | $2,277† |
| 3 Bedroom (3/2) | 1535ft2 | $2,677† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year |
| 50% AMI for PBRA Units | $51,800 / year | $59,200 / year | $66,600 / year | $73,950 / year | $79,900 / year | $85,800 / year |
| 60% AMI for LIHTC Units | $62,160 / year | $71,040 / year | $79,920 / year | $88,740 / year | $95,880 / year | $102,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Uptown Apartments have a waiting list?
The Uptown 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 The Uptown 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 The Uptown Apartments?
The Uptown Apartments is managed by Forest City Management headquartered in Cleveland, Ohio.
In addition to The Uptown Apartments, how many other affordable housing properties (and units) are there in Oakland?
In addition to The Uptown 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 The Uptown Apartments listing last updated?
The Uptown Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
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Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Wilma Dupree says:
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