1750 Bishop Street, San Luis Obispo, CA 93401
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
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.
Bishop Street Studios opened in Fall 2019, providing 33 units of supported housing for adults living with a mental illness. The main building, formerly known as Sunny Acres, was an orphanage abandoned 45 years ago. This project was a wonderful collaboration between TMHA and the Housing Authority San Luis Obispo (HASLO).
Because Bishop Street Studios participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year | $62,550 / year | $67,200 / year | $71,800 / year | $76,450 / year |
| 50% AMI for PBRA Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year | $62,550 / year | $67,200 / year | $71,800 / year | $76,450 / year |
| 60% AMI for LIHTC Units | $48,660 / year | $55,620 / year | $62,580 / year | $69,480 / year | $75,060 / year | $80,640 / year | $86,160 / year | $91,740 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Bishop Street Studios have a waiting list?
Bishop Street Studios 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 Bishop Street Studios?
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 Bishop Street Studios?
Bishop Street Studios is managed by Transitions- Mental Health Association headquartered in San Luis Obispo, California.
In addition to Bishop Street Studios, how many other affordable housing properties (and units) are there in San Luis Obispo?
In addition to Bishop Street Studios, we list 20 other affordable properties in San Luis Obispo. Learn about these properties here. Our data research shows that there are a total of 881 affordable units in San Luis Obispo.
When was the Bishop Street Studios listing last updated?
Bishop Street Studios listing on Affordable Housing Online was last updated on 09/12/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Cha'Von Shawntaye Nichole says:
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