Tyrella Gardens, located at 449 Tyrella Ave in Mountain View, has one, two and three bedroom apartments. Tyrella Gardens participates in the Low-Income Housing Tax Credit (LIHTC) program.
Last updated on January 22nd, 2018
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1)||-||Income Based|
Tyrella Gardens is an affordable rental housing community that has served low-income families since its construction in 1971. With the community at risk of converting to market-rate housing, MidPen Housing purchased and rehabilitated Tyrella Gardens in 1989 in order to keep rent affordable. A major renovation of Tyrella Gardens was completed in 2004, and included new kitchens, unit flooring, heating and water systems, energy-efficient windows, and outdoor siding. There is a brand-new playground, tree-lined courtyard, and a 1,200- square foot community building with a computer center and communal kitchen. The community building provides space for classes, meetings, and an afterschool program. Tyrella Gardens is conveniently located near major highways and job centers in Silicon Valley.
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 Mountain View but actual income limits may differ for units at Tyrella Gardens.
|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|
Tyrella Gardens 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.
Tyrella Gardens is managed by MidPen Housing.