Walnut Studios

817 Walnut St., San Carlos, California 94070

Walnut Studios is a 4-story 100% affordable housing development, consisting of 23 studio units and 2-bedroom staff unit, in San Carlos, CA. Of the 23 studios, 6 are restricted for tenants at or below 30% AMI, 6 at 40% AMI, 6 at 50% AMI, 5 at 60% AMI, and 2 for formerly homeless tenants. Catholic Charities will provide service coordination for the residents and case management for the formerly homeless tenants. The building features 20 parking spaces, bike storage, community room, laundry facilities, and outdoor terraces. The project is located just two blocks from Rt. 82 (El Camino Real), a block away from the shops on Laurel St, and walking distance to the San Carlos CalTrain station.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price

Eligibility for Walnut Studios

Walnut Studios Details

23 studio bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
On-Site Parking
Bicycle Storage
On-Site Social Services
Courtyard
Laundry Facility

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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