350 Ocean St, Santa Cruz, CA 95060
Waiting List Forecast: Likely Short or None
Verified for 2022 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 565 - 1,028 Sq Ft |
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.
Introducing, to the Santa Cruz community, the Ocean Street Apartments. Ocean Street Apartments provide 63 much needed 1-, 2-, and 3-bedroom apartments for families earning up to 60% of the area median income (AMI) for Santa Cruz County!
Conveniently located, near shopping, grocery, and just blocks from the ocean, this beautiful community provides wonderful amenities including community laundry rooms, gym, a spacious and active community room featuring a kitchen, lounge and computer room; an outdoor courtyard, bike storage, and children's playground. Their community will feature a convenient elevator along with on-site parking! An on-site property manager will provide community oversight.
Each of the apartments include energy efficient appliances including --- a self-cleaning range, refrigerator for cost effective grocery shopping, a dishwasher with garbage disposal, and state-of-the art heating and central air conditioning! Most apartments include private patios or balconies with storage space.
As of October 8th, 2021, they are full and have temporarily closed their waitlist.
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 Ocean Street Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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 |
|---|---|---|
| One Bedroom (1/1) | 565ft2 | Call for Price† |
| Two Bedroom (2/1) | 950ft2 | Call for Price† |
| Three Bedroom (3/2) | 1028ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $57,650 / year | $65,900 / year | $74,150 / year | $82,350 / year | $88,950 / year | $95,550 / year |
| 50% AMI for PBRA Units | $57,650 / year | $65,900 / year | $74,150 / year | $82,350 / year | $88,950 / year | $95,550 / year |
| 60% AMI for LIHTC Units | $69,180 / year | $79,080 / year | $88,980 / year | $98,820 / year | $106,740 / year | $114,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ocean Street Apartments have a waiting list?
Ocean Street Apartments 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 Ocean Street Apartments?
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 Ocean Street Apartments?
Ocean Street Apartments is managed by Cambridge Real Estate Services headquartered in Portland, Oregon.
In addition to Ocean Street Apartments, how many other affordable housing properties (and units) are there in Santa Cruz?
In addition to Ocean Street Apartments, we list 43 other affordable properties in Santa Cruz. Learn about these properties here. Our data research shows that there are a total of 1877 affordable units in Santa Cruz.
90 Grandview St, Santa Cruz, California 95060
721 Bay St, Santa Cruz, California 95060
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