Moderate Income Rental Units: 308 Turk Street

Posting Date

March 11, 2016

Type of Unit

Affordable Rental Units, Small Sites Program

 

Address

308 Turk Street

Unit Numbers

Unit #7 and #8 at 95% AMI

Unit #14 at 112% AMI

Number of Bedrooms

Studios

Neighborhood

Tenderloin

Square Footage

400-600 (Estimated)

Year Built

1923

Rent

 Unit #7 and #8 at $1695;  Unit #14 at $2,000

Maximum Allowable Income Level of Households

 

 

95% of Area Median Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2014

A one person household can make no more than $67,782

A two person household can make no more than $77,425

A three person household can make no more than $87,115

 

112% of Area Median Income by Household Size derived from the Unadjusted Area Median Income (AMI) for HUD Metro Fair Market Rent Area (HMFA) that contains San Francisco 2015

A one person household can make no more than $79,912

A two person household can make no more than $91,280

A three person household can make no more than $102,704

 

Minimum Allowable Income Level of Households

Rent must be equal or less than 45% of applicant household’s gross monthly income.

 

Minimum Household Size

1

 

Maximum Household Size

2 (1 child under 6 may be in the household without counting toward the maximum household size)

 

Building Selection Criteria

In addition to qualifying under the rules of the Small Sites Program, applicants must qualify under the rules of the building.

 

Building Selection Criteria:

Ability to pay rent standard – Rent cannot exceed 45% of gross monthly income.

Credit Standard – no existing delinquencies or accounts in collection within last one year.

Rental History Standard – no previous evictions in the last 3 years.

Criminal History Standard – Qualified applicants with criminal history will be considered for housing in compliance with Article 49 of the San Francisco Police Code, “The Fair Chance Ordinance.”

 

Deposit Required for Move-in

 

Depending on unit, either $1695 or $2000.

Which, if any, utilities are paid by the building?

Water, sewer, garbage and recycling

How are utilities paid by the renter?

Renter pays own utility bills directly.

 

Other fees and/or building rules

 

Late Fees: Resident must pay a late rent charge of  $25 per each 10 days the rent is late commencing on the date on which the delinquent amount is due. 

Contact Person

Keith Cooley

Phone

415-399-0943

Email

housing@sfclt.org

Website

www.sfclt.org

How to obtain an application

Email housing@sfclt.org or download from www.sfclt.org

Open House Dates

Call 415 399-0943 to schedule a viewing

 

Address to which application should be delivered

San Francisco Community Land Trust

21 Columbus Avenue #231

San Francisco, CA 94111

Attn: 308 Turk St. Application

 

OR

 

Applications can be dropped off SFCLT’s Offices, Monday-Friday 10am-5pm.

Selection

First come, first served basis

Special Note(s)

Units #8 and #14 available March 15, 2016; Unit #7 available April 1, 2016. More information available on request.