Located on a former BART parking lot adjacent to the San Leandro BART Station, Marea Alta includes 115 rental apartments affordable to households earning 30-55% of Area Median Income. Building amenities include a community room with full kitchen, laundry facilities, bike storage, and a landscaped courtyard with gathering space and a children’s play structure.
Marea Alta also includes a child care center that will be operated by Davis Street Family Resource Center, as well as the creation of more than 240 below-grade parking spaces for BART patrons. Removal of the former parking lot, combined with the addition of ground floor community-serving space, enriches San Leandro Boulevard and promotes pedestrian activity.
Marea Alta was constructed with an innovative design-build process to increase project efficiencies. While Marea Alta was BRIDGE’s first modular project, the technique will be used again for the second phase of the master-planned site: San Leandro Senior Apartments, 85 affordable apartment homes for seniors.
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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.
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 Leandro but actual income limits may differ for units at Marea Alta.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$45,700||$52,200||$58,750||$65,250||$70,500||$75,700||$80,950||$86,150|
|Low Income (60%)||$54,840||$62,640||$70,500||$78,300||$84,600||$90,840||$97,140||$103,380|
Marea Alta 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.
Marea Alta is managed by Bridge Housing .