Northgate Terrace

550 24th St, Oakland, California 94612

Contact Northgate Terrace

Northgate Terrace offers affordable studio and 1-bedroom floor plans for seniors (62+) in Oakland's historic Northgate Koreatown neighborhood. Each unit includes all utilities and appliances. Select homes come with a balcony. Community amenities include a large community room, planned resident activities and services, computer lab, indoor & outdoor fitness areas, and two laundry facilities on-site. Northgate Terrace is conveniently located near public transportation, making it easy to get to great dining, shopping, medical facilities, and entertainment hotspots.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Income Based
One Bedroom (1/1)	-	Income Based

Eligibility for Northgate Terrace

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 Oakland but actual income limits may differ for units at Northgate Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$31,050	$35,500	$39,950	$44,350	$47,900	$51,450	$55,000	$58,550
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 Oakland but actual income limits may differ for units at Northgate Terrace.

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

Northgate Terrace Details

201 studio and one bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)

Property Amenities

Fitness Center
Computer Lab
Community Room
Community Media Center
Laundry Facilities
Resident Activities

Unit Amenities

All Appliances included
Utilities Included
Balconies or Patios Available

Nearby Amenities

Close to Public Transportation

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.

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.