Leland Polk Senior Community

1315 Polk St, San Francisco, California 94109

Leland Polk Senior Community, located at 1315 Polk St in San Francisco, has studio and one bedroom apartments. Leland Polk Senior Community participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

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

Leland Polk Senior Community Details

  • 72 studio and one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Senior (62+)

Property Amenities

  • Elevator
  • Computer Lab
  • Community Room

About Leland Polk Senior Community

Mercy Housing completed the renovation of this early 1900s apartment building with approximately 6,000 square feet of available retail space to serve the community. The Leland Polk Senior Community, located in the Lower Polk neighborhood of San Francisco, provides 72 units of affordable housing for persons 62 years and older. The renovation included a complete retrofit, structural strengthening, reconfiguring the units and the addition of a residential lobby.

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 Leland Polk Senior 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

Leland Polk Senior 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.

Leland Polk Senior Community is managed by Mercy Housing.

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