About This Property
Villa Montgomery contains 58 units in Redwood City and has been in service since 2007, with 57 units designated as low-income housing. The property offers a mix of studio through three-bedroom units, with 24 three-bedroom apartments, 18 two-bedroom units, 8 one-bedroom apartments, and 8 studios available to serve families. Financing for the development includes tax-exempt bonds and 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 Redwood City, 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 Villa Montgomery is typically 30% of household income or less.
What size apartments are available at Villa Montgomery?+
Villa Montgomery offers the following unit types: 8 Studio, 8 One-Bedroom, 18 Two-Bedroom, 24 Three-Bedroom units, for a total of 58 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 Redwood City, 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 Villa Montgomery may be lower for income-eligible households.
How do I apply for housing at Villa Montgomery?+
Villa Montgomery 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 is eligible to live at Villa Montgomery?+
Villa Montgomery primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Villa Montgomery?+
Villa Montgomery is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Walker's Paradise
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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