Derek Silva Community

20 Franklin St, San Francisco, California 94102

Derek Silva Community, located at 20 Franklin St in San Francisco, has one bedroom apartments. Derek Silva Community participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Waiting list is Closed

The Derek Silva Community waiting list is currently closed until further notice.

Last updated on November 30th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based

Derek Silva Community Details

  • 68 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Persons With Disabilities

Property Amenities

  • Community Room

About Derek Silva Community

The Derek Silva Community provides 68 units of affordable housing for people living with HIV/AIDS, and is the largest residential AIDS housing facility in San Francisco. Mercy Housing acquired they property in 2001 to preserve the property as affordable housing. In 2004, Mercy Housing completed a $7 million renovation of this early 1900's apartment building with approximately 6,500 square feet of available retail space to serve the community. Catholic Charities CYO has been the on-site service provider since 1992 and continues to provide much needed services to the residents.

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.

San Francisco 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 San Francisco but actual income limits may differ for units at Derek Silva Community.

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

Derek Silva Community 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.

Derek Silva Community is managed by Mercy Housing.

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