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The Plaza in Foster City, accepting applications for 60 below market rate rental units

7/24/2012

PROPERTY INFORMATION SHEET

60 Below Market Rate Apartments for Very Low, Low and Moderate Income Households

The Plaza - One Plaza View Lane Foster City, California 94404

The Plaza is an exciting new residential community in Foster City.

The contemporary architecture and the well-designed floor plans enhance the convenient location. Dramatic spaces, luxurious finishes and ingenious amenities set a new benchmark for rental living in the Bay Area.

Qualifying Information

The 60 affordable apartments at The Plaza are restricted to those households with very low, low or moderate incomes of no more than 50%, 80% and 120% respectively of the San Mateo County area median income, based on the number of people in your household. The maximum allowable rent is 30% of the income limit for the applicable income category as established by the California Department of Housing and Community Development (HCD), with an allowance for utilities.

http://www.hcd.ca.gov/hpd/hrc/rep/state/incNote.html

Income and Rental Limits: Very Low (50%)

Low Income (80%)

Moderate (120%)

Income Limit

Rent Limit

Income Limit

Rent Limit

Income Limit

Rent Limit

1P = $38,850

1 BR = $1,110

1P = $62,200

1 BR = $1,776

1P = $86,500

1 BR = $2,266

2P = $44,400

2P = $71,050

2P = $98,900

3P = $49,950

2 BR = $1,249

3P = $79,950

2 BR = $1,999

3P = $111,250

2 BR = $2,549

4P = $55,500

4P = $88,800

4P = $123,600

5P = $59,950

3BR = $1,388

5P = $95,950

3 BR = $2,220

5P = $133,500

3 BR = $2,833

6P = $64,400

6P = $103,050

6P = $143,400