Posolmi Place

183 Acalanes Dr, Sunnyvale, California 94086

Contact Posolmi Place

MidPen acquired Posolmi Place, formerly called Eight Trees, from a local non-profit service provider who was interested in refocusing their efforts on the provision of services rather than property management. In acquiring the property, MidPen brings to Posolmi Place its breadth of experience as a seasoned non-profit affordable housing developer and property manager. MidPen will restructure the property’s finances to ensure its long term financial stability and the preservation of these units as restricted, affordable housing units in the City of Sunnyvale. As part of a holistic effort to preserve these units, MidPen will perform renovations and repairs to rehabilitate this aging property to current standards.

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

Last updated on January 22nd, 2018

Eligibility for Posolmi Place

Posolmi Place Details

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

Property Amenities

Community Room
On-Site Laundry

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.