About This Property
Peninsula Park Apts contains 129 units in East Palo Alto, including 65 low-income units designed to serve families. The property opened in 2001 and offers a mix of one-, two-, and three-bedroom units, with 21 one-bedroom, 25 two-bedroom, and 19 three-bedroom homes. The development was financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - San Mateo County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $2,292 |
| 1 Bedroom | $2,818 |
| 2 Bedroom | $3,359 |
| 3 Bedroom | $4,112 |
| 4 Bedroom | $4,473 |
Income Limits - San Mateo County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $38,400
- Very Low (50%)
- $63,950
- Low (80%)
- $102,450
- Extremely Low (30%)
- $43,850
- Very Low (50%)
- $73,100
- Low (80%)
- $117,100
- Extremely Low (30%)
- $49,350
- Very Low (50%)
- $82,250
- Low (80%)
- $131,750
- Extremely Low (30%)
- $54,800
- Very Low (50%)
- $91,350
- Low (80%)
- $146,350
- Extremely Low (30%)
- $59,200
- Very Low (50%)
- $98,700
- Low (80%)
- $158,100
- Extremely Low (30%)
- $63,600
- Very Low (50%)
- $106,000
- Low (80%)
- $169,800
- Extremely Low (30%)
- $68,000
- Very Low (50%)
- $113,300
- Low (80%)
- $181,500
- Extremely Low (30%)
- $72,350
- Very Low (50%)
- $120,600
- Low (80%)
- $193,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $38,400 | $63,950 | $102,450 |
| 2 Persons | $43,850 | $73,100 | $117,100 |
| 3 Persons | $49,350 | $82,250 | $131,750 |
| 4 Persons | $54,800 | $91,350 | $146,350 |
| 5 Persons | $59,200 | $98,700 | $158,100 |
| 6 Persons | $63,600 | $106,000 | $169,800 |
| 7 Persons | $68,000 | $113,300 | $181,500 |
| 8 Persons | $72,350 | $120,600 | $193,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in East Palo Alto, CA?+
The Fair Market Rent (FMR) for San Mateo County, CA is: $2292 (Studio), $2818 (1BR), $3359 (2BR), $4112 (3BR), $4473 (4BR). Actual rent at subsidized properties like Peninsula Park Apts is typically 30% of household income or less.
What size apartments are available at Peninsula Park Apts?+
Peninsula Park Apts offers the following unit types: 21 One-Bedroom, 25 Two-Bedroom, 19 Three-Bedroom units, for a total of 129 units.
What are the income limits for affordable housing in San Mateo County, CA?+
For a 4-person household in San Mateo County, CA, the income limits are: Extremely Low Income (30% AMI): $54,800, Very Low Income (50% AMI): $91,350, Low Income (80% AMI): $146,350. These limits are set by HUD and updated annually.
What is the price range for apartments in East Palo Alto, CA?+
Based on Fair Market Rent for San Mateo County, the estimated price range is: 1-bedroom: $2818, 2-bedroom: $3359, 3-bedroom: $4112. Actual rent at Peninsula Park Apts may be lower for income-eligible households.
How do I apply for housing at Peninsula Park Apts?+
Peninsula Park Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Peninsula Park Apts?+
Peninsula Park Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Peninsula Park Apts?+
Peninsula Park Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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