700 Manida Street is an affordable apartment community offer studio, 1-, 2-, and 3-bedroom units for residents earning between 20% and 80% of area median income (AMI.) Some of the amenities offered include a coin operated laundry room, and indoor community space, an outdoor recreation space, and a bicycle storage area.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | Income Based |
One Bedroom (1/1) | - | Income Based |
Two Bedroom (2/1) | - | Income Based |
Three Bedroom (3/1) | - | Income Based |
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.