The City of San Calros on the San Francisco is finally getting developed
some transit oriented housing, between its downtown and the train station.
A good thing, finally.
Pacific Hacienda consists of two buildings, one at 618 Walnut Street
and one at 633 Elm Street which faces City Hall.
Locals got a chance to tour inside the project, consisting of 89
1- or 2-bedroom condominiums and additional office space at
633 Elm St. The project has been six years in the making, well-worth
the wait for Wuthmann. For him, the location was ideal as the project
is just blocks away from downtown San Carlos, the library, the City
Hall and the train station.
According to the sales office at Pacific Peninsula Group, 49 units
have already been purchased or reserved. The prices begin at $395,000
for a one-bedroom unit and $649,000 for two bedrooms.
The project also includes 13 below-market rate units for those with
low and moderate incomes. Affordability is a relative term in San
Mateo County. For the condominiums priced at $265,000, ranking at the
low end, a one-person household can make no more than $63,350.
For more info on Pacific Hacienda and BATN.
More on eligibility for low/moderate income status in California:
The 89 unit luxury condominium development will include 13 one-bedroom
Below Market Rate units priced specifically for the low income and moderate
income categories as established for San Mateo County.
The income limits for eligibility for these units are determined by family
size and are as follows:
Maximum allowable household income - Low Income
1 Person - $63,350
2 People - $72,400
3 People - $81,450
Maximum allowable household income - Moderate IncomePosted by dc at October 24, 2003 03:36 PM | TrackBack
1 Person - $76,850
2 People - $87,850
3 People - $98,800