Magnolia Plaza Apartments

About This Building

Affordable Housing Option in South San Francisco, CA - Welcome to Magnolia Plaza Apartments, a Low-Income Housing Tax Credit apartment situated in South San Francisco, CA. If you're in search of an affordable housing solution, these rental apartments are backed by the LIHTC program, which imposes rent and income restrictions. Providing Affordable Housing to Low-Income Individuals - The LIHTC program offers incentives to builders and developers to create housing options for individuals with low incomes. The maximum rent charged is determined based on the Area Median Income (AMI). However, it's important to note that this apartment might still be unaffordable for low-income individuals due to the AMI figures. We encourage you to check the current rental rates to assess affordability. Variety of Apartments Available - Magnolia Plaza Apartments features a total of 124 low-income one and two-bedroom apartments. It's worth mentioning that the demand for affordable housing often leads to waiting lists. To explore the possibility of living here, please reach out to the provided contact number. Understanding LIHTC and Its Application Process - When considering this apartment, it is important to understand that all adults planning to live here must include and verify their income at the time of application. For further details, please call for more information. By providing this rewritten text, the information from the original text is presented in a distinct way with the addition of clear headings, which help structure the content for easier readability and comprehension.