Park Lane Apartments is managed by Burbank Housing Corporation.
The Park Lane Apartments is a 90-unit apartment complex located in Petaluma. Park Lane is conveniently located near shopping centers and just a mile from downtown Petaluma and within walking distance to restaurants, schools and supermarkets. This complex is comprised primarily of project based Section 8 units wherein rents are based upon income. It also has several non-project based units.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
studio (Studio/1) | - | Income Based |
1 Bedroom (1/1) | - | Income Based |
2 Bedroom (2/1) | - | Income Based |
Last updated on July 9th, 2019
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 Petaluma but actual income limits may differ for units at Park Lane Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $26,450 | $30,200 | $34,000 | $37,750 |
50% | $44,050 | $50,350 | $56,650 | $62,900 |
80% | $70,500 | $80,550 | $90,600 | $100,650 |
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 Petaluma but actual income limits may differ for units at Park Lane Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $44,050 | $50,350 | $56,650 | $62,900 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.