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The Willie B. Kennedy Apartments is a new 98 unit, five story affordable senior housing development located at the corner of Turk and Webster streets in the Western Addition. 32 studios and 65 one-bedroom units at Willie B. Kennedy are be restricted to senior households earning less than 50% AMI. To help meet San Francisco’s Ten Year Plan to End Chronic Homelessness, 20 units are set aside for formerly homeless seniors. This building also provides a variety of community spaces designed to accommodate a range of programs and needs for residents, including a large community room with a learning kitchen, a laundry room, two outdoor courtyard spaces, bike storage, and a resident lounge area. Primary financing sources include Silicon Valley Bank, NEF and Merritt as equity partners, HUD 202, Federal Home Loan Bank Affordable Housing Program, and the Mayor’s Office of Housing and Community Development.
|Studio (Studio/1)||-||Call for Price|
|One Bedroom (1/1)||-||Call for Price|
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 was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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 Willie B. Kennedy 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|
Willie B. Kennedy 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.
Willie B. Kennedy Apartments is managed by Tenderloin Neighborhood Development Corporation (TNDC).