Park Alameda

2428 Central Ave, Alameda, California 94501

Contact Park Alameda

The Park Alameda offers 62 affordable studio apartments in Alameda’s Historic Park Street. This affordable housing project features an array of amenities, including green design elements and on-site property management. These spacious studio apartments are tastefully appointed and include built-in kitchen islands, Energy Star appliances and efficient hydronic heating. Common areas include a beautiful courtyard, a community garden, a community room and on-site laundry facilities. Additionally, there are 42 parking spaces and a bicycle storage area. The Park Alameda is a non-smoking community as regulated by the ordinances of the City of Alameda, CA.

Eligibility for Park Alameda

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Alameda but actual income limits may differ for units at Park Alameda.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$51,800	$59,200	$66,600	$73,950	$79,900	$85,800	$91,700	$97,650

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Alameda but actual income limits may differ for units at Park Alameda.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$51,800	$59,200	$66,600	$73,950	$79,900	$85,800	$91,700	$97,650
Low Income (60%)	$62,160	$71,040	$79,920	$88,740	$95,880	$102,960	$110,040	$117,180

Park Alameda Details

62 bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.