California

Tax credit apartments in San Luis Obispo, CA

HUD's database lists 18 properties in San Luis Obispo built or rehabbed with low-income housing tax credits: 849 apartments, 831 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

860 On The Wye

2775 Victoria Ave, San Luis Obispo, CA 93401

9 studio, 10 1BR, 1 2BR

Apartments
20
Income-restricted
19
Placed in service
2017

Bishop Street Studios

1600 Bishop Street, San Luis Obispo, CA 93401

8 studio, 26 1BR

Apartments
34
Income-restricted
33
Placed in service
2019

Brizzolara Apts

611 Brizzolara St, San Luis Obispo, CA 93401

HUD lists it as senior housing · 30 1BR

Apartments
30
Income-restricted
30
Placed in service
2000

Broad Street Place

3720 And 3722 Broad Street, San Luis Obispo, CA 93401

1 studio, 9 1BR, 19 2BR, 11 3BR

Apartments
40
Income-restricted
39
Placed in service
2023

Carmel Street Apts

1312 Carmel St, San Luis Obispo, CA 93401

HUD lists it as senior housing · 19 1BR

Apartments
19
Income-restricted
18
Placed in service
2003

Courtyard At The Meadows

3175 Violet Street, San Luis Obispo, CA 93410

9 1BR, 18 2BR, 9 3BR

Apartments
36
Income-restricted
35
Placed in service
2021

Del Rio Terrace Apts

2005 Johnson Ave, San Luis Obispo, CA 93401

HUD lists it as senior housing · 40 1BR, 1 2BR

Apartments
41
Income-restricted
40
Placed in service
2005

Iron Works

3680 Broad, San Luis Obispo, CA 93401

12 1BR, 19 2BR, 15 3BR

Apartments
46
Income-restricted
45
Placed in service
2018

Ironbark Apts

1102 Ironbark St, San Luis Obispo, CA 93401

Apartments
20
Income-restricted
20
Placed in service
1995

Judson Terrace Homes

3000 Augusta St., San Luis Obispo, CA 93401

HUD lists it as senior housing · 37 studio, 69 1BR, 1 2BR

Apartments
107
Income-restricted
101
Placed in service
2020

Laurel Creek Apts

1105 Laurel Ln, San Luis Obispo, CA 93401

HUD lists it as senior housing

Apartments
24
Income-restricted
24
Placed in service
1994

Madonna Road Apts

1550 Madonna Rd, San Luis Obispo, CA 93405

20 1BR, 44 2BR, 40 3BR, 16 4BR

Apartments
118
Income-restricted
119
Placed in service
2013

Pismo-buchon Apts

1363 Pismo St, San Luis Obispo, CA 93401

6 2BR, 4 3BR

Apartments
11
Income-restricted
10
Placed in service
2000

Poinsettia Street Apts

4035 Poinsettia St, San Luis Obispo, CA 93401

Apartments
20
Income-restricted
20
Placed in service
1989

Rad 175

487 Leff Street, San Luis Obispo, CA 93402

10 studio, 18 1BR, 57 2BR, 57 3BR, 33 4BR

Apartments
175
Income-restricted
173
Placed in service
2019

The Apartments At Toscano

3051 Lucca Lane, San Luis Obispo, CA 93401

18 1BR, 10 2BR, 10 3BR

Apartments
38
Income-restricted
37
Placed in service
2024

Village At Broad Street

2260 Emily St, San Luis Obispo, CA 93401

2 1BR, 16 2BR, 24 3BR

Apartments
42
Income-restricted
41
Placed in service
2011

Villas At Higuera

3085 S Higuera St, San Luis Obispo, CA 93401

6 studio, 6 1BR, 8 2BR, 8 3BR

Apartments
28
Income-restricted
27
Placed in service
2008

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.