Oroysom Village, located at 43280 Bryant Ter in Fremont, has two and three bedroom apartments. Oroysom Village participates in the Low-Income Housing Tax Credit (LIHTC) program.
Oroysom Village is not currently accepting applications.Last updated on July 30th, 2019
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1)||-||Income Based|
The site of Oroysom Village in the upscale Mission San Jose section of Fremont was offered to MidPen Housing by the Sisters of the Holy Family. Completed in 1999, Oroysom is a model for intergenerational and multi-ethnic communities. Many youth of Oroysom Village actively participate in homework assistance and summer programs, and use the computer center, recently recognized by HUD as a national model. Six rental apartments are reserved for single-parent families who participate in the City of Fremont’s Housing Scholarship Program, a collaborative among service providers to link low-income families in the CALWorks program with case management, job training, childcare, and affordable housing. Oroysom was awarded a Gold Nugget Grand Award of Merit for Best Affordable Housing by the Pacific Coast Builders Conference and the Maxwell Award of Excellence from the FannieMae Foundation.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Fremont but actual income limits may differ for units at Oroysom Village.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$43,400||$49,600||$55,800||$61,950||$66,950||$71,900||$76,850||$81,800|
|Low Income (60%)||$52,080||$59,520||$66,960||$74,340||$80,340||$86,280||$92,220||$98,160|
Oroysom Village was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Oroysom Village is managed by MidPen Housing.