3720 Broad St., 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 - 3 Beds | 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.
Broad Street Place is a new affordable housing community in the City of San Luis Obispo, which serves low-income households. This property includes three commercial spaces for local businesses and 40 residential apartments with studio, one, two and three-bedroom floorplans offered. A number of units will provide ADA-certified accessibility for those with mobility, hearing, and vision limitations. Amenities include a community room, shared kitchen, barbeque space, outdoor patios, playground, covered bike parking, electric vehicle charging stations, and laundry facilities. PSHH will provide compassionate onsite property management and free supportive housing services to all who call Broad Street Place home.
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 Broad Street Place 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.
~ 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† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year | $62,550 / year | $67,200 / year |
| 50% AMI for PBRA Units | $40,550 / year | $46,350 / year | $52,150 / year | $57,900 / year | $62,550 / year | $67,200 / year |
| 60% AMI for LIHTC Units | $48,660 / year | $55,620 / year | $62,580 / year | $69,480 / year | $75,060 / year | $80,640 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Broad Street Place have a waiting list?
Broad Street Place 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 Broad Street Place?
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 Broad Street Place?
Broad Street Place is managed by Peoples Self-Help Housing headquartered in San Luis Obispo, California.
In addition to Broad Street Place, how many other affordable housing properties (and units) are there in San Luis Obispo?
In addition to Broad Street Place, 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 Broad Street Place listing last updated?
Broad Street Place listing on Affordable Housing Online was last updated on 08/03/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Judea I. Lawton says:
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