Water Street Apartments

708 Water Street, Santa Cruz, California 95060

Contact Water Street Apartments

Water Street Apartments is a 41-unit affordable residential community in Santa Cruz, CA, that provides housing for very low and low-income individuals and families. It is conveniently situated near downtown where numerous commercial establishments are accessible. It is a mile away from the heart of downtown Santa Cruz. Elementary, middle, and high schools are within 1.5 miles, and parks and trails are close by. A Santa Cruz Metro Transit stop is within a quarter mile of the community.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	562	Call for Price
Two Bedroom One Bath (2/1)	755	Call for Price

Eligibility for Water Street Apartments

Water Street Apartments Details

41 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Community Room
On-Site Manager
Covered Parking
Bicycle Storage
Computer Room
Courtyard
Wheel Chair Accessible
On-Site Laundry
Community Kitchen

Unit Amenities

Ceiling Fan(s)
Garbage Disposal
Microwave
Walk-in Closet(s)
Window Coverings
Private Patio and Balcony
Energy Efficient Appliances

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.