Arya

500 Almaden Boulevard, San Jose, CA 95110

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 2 Beds	1 Bath	331 - 694 Sq Ft

This property is currently under construction.

ESTIMATED COMPLETION : March, 2023

Arya, located at 500 Almaden Boulevard (formerly 226 Balbach Street), consists of 87 units (including one manager’s unit) within a single eight-story building. The unit mix consists of studios, 1-bedroom, and 2-bedroom units. The apartment is targeted to families and artist households. The apartment is well located with respect to local services, amenities, and public transit in Downtown San Jose.

Dave's Thoughts On Arya

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Arya does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Arya Amenities

Community Room
Courtyard
Laundry Facility
Community Kitchen

Units at Arya

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	331ft²	Rent is Based On Your Income^†
One Bedroom (1/1)	498ft²	Rent is Based On Your Income^†
Two Bedroom (2/1)	694ft²	Rent is Based On Your Income^†

Income Qualification for Arya

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$62,450 / year	$71,400 / year	$80,300 / year	$89,200 / year
50% AMI for PBRA Units	$62,450 / year	$71,400 / year	$80,300 / year	$89,200 / year
60% AMI for LIHTC Units	$74,940 / year	$85,680 / year	$96,360 / year	$107,040 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Arya

Does Arya have a waiting list?

Arya probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Arya?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Arya?

Arya is managed by Satellite Affordable Housing Associates headquartered in Berkeley, California.

In addition to Arya, how many other affordable housing properties (and units) are there in San Jose?

In addition to Arya, we list 232 other affordable properties in San Jose. Learn about these properties here. Our data research shows that there are a total of 20612 affordable units in San Jose.

When was the Arya listing last updated?

Arya listing on Affordable Housing Online was last updated on 08/21/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.