Greenridge

1565 El Camino Real, South San Francisco, California 94080

Greenridge, located at 1565 El Camino Real in South San Francisco, has two, three and four bedroom apartments. Greenridge participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Waiting List is Closed

Last updated on January 22nd, 2018

Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
4 Bedroom (4/1) - Income Based

Greenridge Details

  • 34 two, three and four bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Community Room
  • Courtyard

Unit Amenities

  • Patio, Deck Or Balcony

About Greenridge

Greenridge consists of family townhouses situated on the former McLellan Nursery property in South San Francisco. Greenridge was built to include affordable housing among neighboring market-rate developments in the city. Surrounded by two landscaped courtyards and children's play area, Greenridge includes a community room, manager's office, laundry facility, and a computer center. Each townhouse unit has a private entry and a private patio area. A landscaped stairway connects Greenridge with a park and nearby public schools. The site offers views of nearby hills, and is located across the street from a BART station and major shopping facilities.

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.

South San Francisco 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 South San Francisco but actual income limits may differ for units at Greenridge.

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

Greenridge 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.

Greenridge is managed by MidPen Housing.

Image of Greenridge
Image of Greenridge

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