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Peninsula Station

2901 S El Camino Real, San Mateo, California 94403

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.

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Waiting List is Closed

Peninsula Station is not currently accepting applications.

Last updated on July 31st, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Peninsula Station Details

  • 68 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Fitness Center
  • Playground
  • Computer Lab
  • Community Room
  • Community Garden
  • Courtyard

Low-Income Housing Tax Credit (LIHTC)

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.

San Mateo Low-Income Housing Tax Credit Income Limits

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 Mateo but actual income limits may differ for units at Peninsula Station.

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
Low Income (60%) $67,740 $77,400 $87,060 $96,720 $104,460 $112,200 $119,940 $127,680

Peninsula Station 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.

Peninsula Station is managed by MidPen Housing.

Image of Peninsula Station
Image of Peninsula Station

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