Posolmi Place

183 Acalanes Dr, Sunnyvale, CA 94086

Waiting List Forecast: Likely Short or None

check_circleVerified for 2018 by Connor Bailey, Joshua Cappell

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

Call (408) 663-5979 Email

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.

MidPen acquired Posolmi Place, formerly called Eight Trees, from a local non-profit service provider who was interested in refocusing their efforts on the provision of services rather than property management. In acquiring the property, MidPen brings to Posolmi Place its breadth of experience as a seasoned non-profit affordable housing developer and property manager. MidPen will restructure the property’s finances to ensure its long term financial stability and the preservation of these units as restricted, affordable housing units in the City of Sunnyvale. As part of a holistic effort to preserve these units, MidPen will perform renovations and repairs to rehabilitate this aging property to current standards.

Dave's Thoughts On Posolmi Place

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 Posolmi Place 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.

~ Dave Layfield, Founder of Affordable Housing Online

Posolmi Place Amenities

Community Room
On-Site Laundry

Units at Posolmi Place

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Rent is Based On Your Income^†
2 Bedroom (2/1)	-	Rent is Based On Your Income^†
3 Bedroom (3/1)	-	Rent is Based On Your Income^†

Income Qualification for Posolmi Place

*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	$62,450 / year	$71,400 / year	$80,300 / year	$89,200 / year	$96,350 / year	$103,500 / year
50% AMI for PBRA Units	$62,450 / year	$71,400 / year	$80,300 / year	$89,200 / year	$96,350 / year	$103,500 / year
60% AMI for LIHTC Units	$74,940 / year	$85,680 / year	$96,360 / year	$107,040 / year	$115,620 / year	$124,200 / year

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

FAQs for Posolmi Place

Does Posolmi Place have a waiting list?

Posolmi Place 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 Posolmi Place?

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 Posolmi Place?

Posolmi Place is managed by MidPen Housing headquartered in Foster City, CA.

In addition to Posolmi Place, how many other affordable housing properties (and units) are there in Sunnyvale?

In addition to Posolmi Place, we list 36 other affordable properties in Sunnyvale. Learn about these properties here. Our data research shows that there are a total of 1370 affordable units in Sunnyvale.