Archer Studios

98 Archer St, San Jose, California 95112

 

Archer Studios is part of the City of San Jose's Vision North San Jose plan. The goal of the plan is to redevelop the innovation triangle through strategic land use planning that will help to foster sustained economic prosperity and a higher quality of life for the residents of San Jose. Charities Housing, in partnership with the City of San Jose Department of Housing, developed this collection of 42 apartments situated on 0.66 acre at the corner of Archer Street and Kerley Drive. The community is conveniently located along the North First Street VTA light rail corridor and is within walking distance to various shops, restaurants and the Rosemary Gardens Park. The building is designed in accordance with Green Building Guidelines and implements state of the art building technologies in an effort to promote energy efficiency and sustainability. Amenities include a lobby, laundry, offices, a 1,650 square foot community room and full kitchen. A garden courtyard is located on the second level in the southeast corner of the development.

Contact Archer Studios

Message Archer Studios

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price

Archer Studios Details

  • 42 studio, one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Laundry Facilities
  • Smoke Free
  • Courtyard

Unit Amenities

  • Refrigerator
  • Oven and Range

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

San Jose 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 San Jose but actual income limits may differ for units at Archer Studios.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $59,000 $67,400 $75,850 $84,250 $91,000 $97,750 $104,500 $111,250
Low Income (60%) $70,800 $80,880 $91,020 $101,100 $109,200 $117,300 $125,400 $133,500

Archer Studios is managed by Charities Housing.

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