Five 88

588 Mission Bay Blvd N, San Francisco, CA 94158

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	1 - 2 Beds	1 Bath	551 - 856 Sq Ft

Call (415) 772-0122

Waitlist Forecast

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.

Five 88 is a brand new mixed-use, transit-oriented, affordable housing development in San Francisco. We are located between 3rd and 4th Street in the up and coming Mission Bay neighborhood, and in close proximity to recreation, public transportation, hospitals, and dining.

Five 88 offers 1 and 2 bedroom apartment homes ranging from 473 up to 914 square feet and feature breathtaking views, fully-equipped kitchens with electric appliances, garage parking, window coverings and some paid utilities. All Five 88 apartments are cable and satellite ready and offer the little pleasures that make life more convenient, enjoyable, and pleasant.

Five 88 on-site amenities include a spacious clubhouse with fitness center, a 200 space bicycle storage area, laundry facilities, and a lounge. The beautifully landscaped grounds include a picnic area with barbecue, a perfect place to relax with friends and family.

Dave's Thoughts On Five 88

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 Five 88 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 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many 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 lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Units at Five 88

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (A1) (1/1)	551ft²	Call for Price^†
Two Bedroom One Bath (B1) (2/1)	803ft²	Call for Price^†
Two Bedroom One Bath (B3) (2/1)	856ft²	Call for Price^†

Income Qualification for Five 88

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$65,050 / year	$74,350 / year	$83,650 / year	$92,900 / year
50% AMI for PBRA Units	$65,050 / year	$74,350 / year	$83,650 / year	$92,900 / year
60% AMI for LIHTC Units	$78,060 / year	$89,220 / year	$100,380 / year	$111,480 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Five 88

Does Five 88 have a waiting list?

Five 88 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 Five 88?

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 Five 88?

Five 88 is managed by Related Companies headquartered in Irvine, California.

In addition to Five 88, how many other affordable housing properties (and units) are there in San Francisco?

In addition to Five 88, we list 354 other affordable properties in San Francisco. Learn about these properties here. Our data research shows that there are a total of 28447 affordable units in San Francisco.