Mastick Senior Center Senior Rent Relief Program Guidelines The Mastick Senior Center (Mastick) Senior Rent Relief Program (“Program”) is designed to mitigate potential homelessness and displacement of tenants who rent one of the two units offered by Mastick Senior Center. The Program must benefit very low- and low-income seniors who earn less than eighty percent (80%) of the area median income. Eligible applicants may be permitted to pay the lesser of thirty percent (30%) of their annual income or market rent. To be eligible, tenants must be 50 years of age or older.
Applicant Eligibility Requirements In order to receive the rent reduction:
1. Non-Duplication of Benefits: Eligible applicants must not have a Section 8 voucher or other subsidy that reduces their portion of the rent payment to 30% of their income.
2. Household Size Compatibility: The minimum household size is one person per bedroom, unless a reasonable accommodation is necessary.
3. Income Limits: The Program will use the maximum income limits updated annually by the State of California Department of Housing and Community Development (HCD).
Information regarding HCD’s methodology is available at: www.hcd.ca.gov. 2024 State Income Limits - Alameda County
Number of Persons
in Household: 1 2 3 4 5 6 7 8
Acutely Low 16350 18700 21000 23350 25200 27100 28950 30800 Extremely Low 32700 37400 42050 46700 50450 54200 57950 61650 Very Low Income 54500 62300 70100 77850 84100 90350 96550 102800 Low Income 84600 84600 108750 120800 130500 140150 149800 159500 Median Income 109000 124550 140150 155700 168150 180600 193050 205500 Moderate Income 130800 149500 168150 186850 201800 216750 231700 246650
4. Determining Baseline Household Income: Household Income maximums are based on “gross” income derived from all sources as detailed in Internal Revenue Code (26 USC Section 6.1), whether or not exempt from federal income tax.
5. Income Calculations: The Mastick Senior Center (Program Administrator) must review income documentation for all household members, regardless of dependency status.
Income calculations will be in accordance with the Inclusionary Housing guidelines.
6. Assets Requirements: To determine a Household’s income eligibility for occupancy of an Inclusionary Rental Unit, a percentage of the Household’s assets (as defined in the Assets section below) shall be added to the Household income. Asset inclusions and exclusions will be in accordance with the Inclusionary Housing guidelines.
7. Other Eligibility Requirements for Renters: Other eligibility requirements will be in accordance with the tenant’s existing lease agreement.
EXHIBIT 1
Ongoing Compliance with Affordable Housing Agreement
Mastick Senior Center is required to conduct an Annual Compliance Report and pay City monitoring fees, if applicable. The Annual Compliance Report (ACR) consists of the following three documents which may be obtained from the City:
1. Tenant Income Certification (TIC): Completed and signed by residents residing in the Rental Unit. It is used to document family size, income and other financial information.
Residents must be recertified annually to maintain program eligibility at the Rental Unit.
2. Certified Rent Rolls: A report listing each affordable unit, the resident's name, rental rate, household income, the household size, and any other information regarding property tenancy.
3. Annual Tenant Income Certification (TIC) / Recertification Each year, Renters must provide Household income documentation and other applicable Household information to the Owner. Renters who fail to provide the required documentation in a timely manner are in violation of the Program and will not have their lease renewed.
Application Process
The application process and tenant selection will be managed by the Mastick Senior Center. An open application will be implemented once a unit becomes available. Selected applicants will be required to sign and abide by a lease agreement.
Assets Requirements
To determine a Household’s income eligibility for occupancy of an Inclusionary Rental Unit, a percentage of the Household’s assets (as defined in the Assets section below) shall be added to the Household income.
Asset Test: When a household has total household assets in excess of $5,000, the greater of 10% of the total assets over $5,000 or actual asset income will be added to the total household Gross Annual Income. The value of a retirement account such as a 401K, 457 or similar will not be counted for those Applicants under retirement age as outlined by the terms of the retirement account.
Asset Inclusions: When calculating an applicant’s assets, the assets to be counted when determining eligibility include, but are not limited, to the following: savings accounts, checking accounts, Certificates of Deposit, the total balance of any joint accounts, money market or mutual fund accounts, in trust for accounts (amount accessible), stocks or bonds, Gift Funds, cash on hand, amount used or borrowed (from a life insurance policy, IRA or retirement accounts), the amount of equity in any real estate owned, and other investments held by any occupant of the Applicant’s household age 18 or older. Assets Exclusions: The cash surrender value of life insurance policy, the value of an IRA account, the value of retirement accounts (including but not limited to 401K and 403B accounts), the value of a special needs trust or the value of a 529 college savings may be excluded from an applicant’s assets for the evaluation of Pre- and Post-Purchase Assets.
Restrictions: Evidence that assets have been transferred to another individual or into an unavailable asset account, or have been spent (except on unexpected emergencies, such as funeral expenses, travel costs related to illness, repair of a vehicle, medical needs and housing needs) to avoid use in the purchase will result in disqualification of the Applicant’s application.
Deposits: Deposits or withdrawals that total five hundred dollars ($500) individually or in aggregate in a thirty (30) day period must be sourced. Any newly opened account must be sourced. The Administrator and City reserve the right to request sourcing documents for any deposit or withdrawal.