2901 S El Camino Real, San Mateo, CA 94403
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 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.
Peninsula Station is the result of a visionary partnership between the City of San Mateo, the County of San Mateo and MidPen Housing. Pen Station received the 2011 Green Building Award from Sustainable San Mateo County, reflecting the commitment to sustainability shared by key partners. Built on the site of a former Good Year Tire Center, Pen Station is now a vibrant, mixed-use community with a large central courtyard featuring two play areas for children, podium landscaping and space for a community garden. Located a quarter mile from the Hillsdale Caltrain Station and across the street from Hillsdale Shopping Center, Pen Station provides transit-oriented housing, which supports the Grand Boulevard Initiative to transform El Camino Real into a safe and welcoming place to live, work and play.
Because Peninsula Station 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. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 2 Bedroom (2/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $65,050 / year | $74,350 / year | $83,650 / year | $92,900 / year |
| 50% AMI for PBRA Units | $65,050 / year | $74,350 / year | $83,650 / year | $92,900 / year |
| 60% AMI for LIHTC Units | $78,060 / year | $89,220 / year | $100,380 / year | $111,480 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Peninsula Station have a waiting list?
Peninsula Station 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 Peninsula Station?
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 Peninsula Station?
Peninsula Station is managed by MidPen Housing headquartered in Foster City, CA.
In addition to Peninsula Station, how many other affordable housing properties (and units) are there in San Mateo?
In addition to Peninsula Station, we list 15 other affordable properties in San Mateo. Learn about these properties here. Our data research shows that there are a total of 844 affordable units in San Mateo.
When was the Peninsula Station listing last updated?
Peninsula Station listing on Affordable Housing Online was last updated on 01/03/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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