Monte Vista Terrace

1101 Grant Rd, Mountain View, California 94040

Monte Vista Terrace, located at 1101 Grant Rd in Mountain View, has studio, one and two bedroom apartments. Monte Vista Terrace participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Monte Vista Terrace

Message Monte Vista Terrace

Waiting List is Closed

Last updated on January 22nd, 2018

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Income Based
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Monte Vista Terrace Details

  • 150 studio, one and two bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Community Room
  • Library
  • Courtyard

About Monte Vista Terrace

Monte Vista Terrace is an attractive community for seniors. Surrounded by community gardens and landscaped courtyards, all rental apartments include private patios or balconies. Community amenities include a common dining room, library, recreation room, a computer technology center, laundry facilities and community gardens. A variety of social activities and services are offered on a regular basis, and MidPen Resident Services addresses the aging in place needs of the residents. In 1991, Monte Vista Terrace received the City of Mountain View's Mayor's Award for providing an attractive affordable housing community and activities for seniors and adults with disabilities.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

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.

Mountain View HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Mountain View but actual income limits may differ for units at Monte Vista Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950
50% $51,250 $58,550 $65,850 $73,150 $79,050 $84,900 $90,750 $96,600
80% $72,750 $83,150 $93,550 $103,900 $112,250 $120,550 $128,850 $137,150

Mountain View Low-Income Housing Tax Credit Income Limits

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 Mountain View but actual income limits may differ for units at Monte Vista Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $51,250 $58,550 $65,850 $73,150 $79,050 $84,900 $90,750 $96,600
Low Income (60%) $61,500 $70,260 $79,020 $87,780 $94,860 $101,880 $108,900 $115,920

These general income qualifications for Mountain View, California should only be used as a basic guide. To find out if you qualify, contact the community directly.

Monte Vista Terrace was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Monte Vista Terrace has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

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.

Monte Vista Terrace is managed by MidPen Housing.

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Image of Monte Vista Terrace
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