City Center Plaza Apartments, located at 950 Main St in Redwood City, has one, two, three and four bedroom apartments. City Center Plaza Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.
The City Center Plaza Apartments waiting list is currently closed until further notice.Last updated on July 5th, 2019
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Winner of a Gold Nugget Award from the Pacific Coast Builders Conference and a San Mateo County Sustainability Award, City Center Plaza is a transit-oriented urban village with affordable apartments and townhomes on the upper levels, and retail shops, restaurants and public transportation hubs on the street level. Residents have easy access to educational opportunities through the nearby library and the University of California satellite campus, as well as onsite programs and services, including an onsite childcare facility run by Footsteps Child Care. City Center Plaza is the result of a public-private partnership between the City, MidPen Housing Corporation, the Raiser Organization, and the residents of Redwood City.
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 Redwood City but actual income limits may differ for units at City Center Plaza Apartments.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$56,450||$64,500||$72,550||$80,600||$87,050||$93,500||$99,950||$106,400|
|Low Income (60%)||$67,740||$77,400||$87,060||$96,720||$104,460||$112,200||$119,940||$127,680|
City Center Plaza 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.
City Center Plaza Apartments is managed by MidPen Housing.