The Residences at Depot Street

201-205 N. Depot St., Santa Barbara, CA 93458

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	-

Call (805) 736-3423

Waitlist Forecast

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.

The Residences at Depot Street offers a total of 80 residential dwelling units, divided between two separate buildings. The units include studio, 1-, 2-, and 3-bedroom units. The buildings are three stories and served by elevators and communal stairs.

In addition to the living units, there is an interior common meeting area for resident support services, a community meeting room, computer lab, and clinic. Landscaped areas are provided off street for family recreation.

Dave's Thoughts On The Residences at Depot Street

Because The Residences at Depot Street 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

The Residences at Depot Street Amenities

Computer Lab
Community Room
On-Site Social Services
Wellness Center

Units at The Residences at Depot Street

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^†

Income Qualification for The Residences at Depot Street

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$51,800 / year	$59,200 / year	$66,600 / year	$73,950 / year	$79,900 / year	$85,800 / year
50% AMI for PBRA Units	$51,800 / year	$59,200 / year	$66,600 / year	$73,950 / year	$79,900 / year	$85,800 / year
60% AMI for LIHTC Units	$62,160 / year	$71,040 / year	$79,920 / year	$88,740 / year	$95,880 / year	$102,960 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Residences at Depot Street

Does The Residences at Depot Street have a waiting list?

The Residences at Depot Street 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 The Residences at Depot Street?

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.

In addition to The Residences at Depot Street, how many other affordable housing properties (and units) are there in Santa Barbara?

In addition to The Residences at Depot Street, we list 31 other affordable properties in Santa Barbara. Learn about these properties here. Our data research shows that there are a total of 1482 affordable units in Santa Barbara.

When was the The Residences at Depot Street listing last updated?

The Residences at Depot Street listing on Affordable Housing Online was last updated on 09/08/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.