Ellis Gardens, formerly known as 350 Ellis Street, is located in the heart of the Tenderloin and nearly adjacent to the GLIDE Foundation. Ellis Gardens is a 96-unit high-rise apartment building built in 1970, and was rehabilitated from 2016 to 2019 as part of the citywide Rental Assistance Demonstration (or RAD) portfolio. Ellis Gardens is a joint-venture of TNDC and Glide Community Housing.
The building features 72 studio and 24 one-bedroom apartments. for seniors and adults with developmental disabilities making 50% AMI or less.
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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.
Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.
This property was built or rehabilitated with a tax-exempt bond.
Ellis Gardens is managed by Tenderloin Neighborhood Development Corporation (TNDC).