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Laureola Oaks

907 E San Carlos Ave, San Carlos, California 94070

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Laureola Oaks is managed by MidPen Housing.

Laureola Oaks is the first affordable family development to be built in the City of San Carlos. Nestled between industrial and residential neighborhoods, Laureola Oaks features garden-style townhomes surrounding a central courtyard. The staggered gable roof design was intended to reflect the aesthetic of the surround neighborhood's architecture. Laureola Oaks has received several awards, including an Honor Award from the San Mateo AIA Chapter, an Honor Award for Architecture from the AIA, a Gold Nugget Award of Merit from the Pacific Coast Builders Conference and a Certificate of Appreciation from the San Mateo County Board of Supervisors.

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
Waiting List is Closed

Laureola Oaks is not currently accepting applications.

Last updated on July 30th, 2019

Eligibility for Laureola Oaks

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 San Carlos but actual income limits may differ for units at Laureola Oaks.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $65,050 $74,350 $83,650 $92,900 $100,350 $107,800
Low Income (60%) $78,060 $89,220 $100,380 $111,480 $120,420 $129,360

Laureola Oaks Details

  • 16 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Courtyard
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.

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