Step Up on Fifth Apartments

1548 5th St, Santa Monica, CA 90401

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

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.

Dave's Thoughts On Step Up on Fifth Apartments

Because Step Up on Fifth Apartments 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Step Up on Fifth Apartments

*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 7 people 8 people
50% AMI for LIHTC Units $44,150 / year $50,450 / year $56,750 / year $63,050 / year $68,100 / year $73,150 / year $78,200 / year $83,250 / year
50% AMI for PBRA Units $44,150 / year $50,450 / year $56,750 / year $63,050 / year $68,100 / year $73,150 / year $78,200 / year $83,250 / year
60% AMI for LIHTC Units $52,980 / year $60,540 / year $68,100 / year $75,660 / year $81,720 / year $87,780 / year $93,840 / year $99,900 / year

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

FAQs for Step Up on Fifth Apartments

Does Step Up on Fifth Apartments have a waiting list?

Step Up on Fifth 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 Step Up on Fifth 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.

In addition to Step Up on Fifth Apartments, how many other affordable housing properties (and units) are there in Santa Monica?

In addition to Step Up on Fifth Apartments, we list 43 other affordable properties in Santa Monica. Learn about these properties here. Our data research shows that there are a total of 1968 affordable units in Santa Monica.

When was the Step Up on Fifth Apartments listing last updated?

Step Up on Fifth Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.