Stonebridge a shining example of affordable housing | Letters to the Editor
The continued discussion of housing issues in St. Helena raises the question of how to successfully develop and manage affordable housing in a community the size of our beautiful city. The family housing at the Stonebridge Apartments , located at 990 College Ave., is a proven example of how to create a sustainable community of children, parents and seniors. The Stonebridge Housing Tax Credit property is a type of regulated affordable housing serving low - and very-low- income households on fixed, i.e. Social Security, or lower incomes between 50 percent and not to exceed 60 percent of the Napa County area median income (AMI). For example, a family of four with an income below $51,650 per year would qualify for the program. Monthly rents are charged accordingly at the 50 percent or 60 percent AMI levels . The current rent schedule is the following: • A one-bedroom unit at 50 percent AMI is $420, or $768 at 60 percent; • Two-bedroom unit, $469 to $918; • Three-bedroom unit, $514 ...