Promenade Apartments I & II is managed by FPI Management, Inc..
Situated in the East Bay, and just a short distance to San Jose and San Francisco, The Promenade offers a mix of market rate and affordable apartment homes with many desirable features. With the convenience of great malls, theaters, parks, recreational activities, cultural arts, restaurants and employers nearby, and a short walk to historic downtown Pleasanton, The Promenade is an ideal community in an ideal location. This exquisite community offers charming landscaped grounds, a sparkling pool and spa, contemporary amenities and much more.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 620 | $2,145 |
Two Bedroom (2/1.5) | 1032 | $2,570 |
Two Bedroom (2/2) | 1049 | $2,625 |
Two Bedroom (2/1) | 865 | $2,495 |
Three Bedroom (3/2) | 1220 | $3,100 |
Our interest list for Below Market Rate Units is currently CLOSED. No vacancies.
Last updated on March 6th, 2019Generally, 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 Pleasanton but actual income limits may differ for units at Promenade Apartments I & II.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
50% | $51,800 | $59,200 | $66,600 | $73,950 | $79,900 | $85,800 |
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 Pleasanton but actual income limits may differ for units at Promenade Apartments I & II.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $51,800 | $59,200 | $66,600 | $73,950 | $79,900 | $85,800 |
Low Income (60%) | $62,160 | $71,040 | $79,920 | $88,740 | $95,880 | $102,960 |
Day | Hours |
---|---|
Monday | 8:30am-4:30pm |
Tuesday | 8:30am-4:30pm |
Wednesday | 8:30am-4:30pm |
Thursday | 8:30am-4:30pm |
Friday | 8:30am-4:30pm |
Saturday | 10:00am-4:30pm |
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.
Since this property was built or renovated using funding from HUD's current Section 811 Supportive Housing for Persons with Disabilities program or legacy Section 202 program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one adult member with a disability. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.