located just at the intersection of Monterey and Branham Lane in San Jose is our newest family community, Oak Tree Village. This development is unique among our affordable family properties in that in addition to the usual CMC offerings of computer centers, and fully-equipped kitchens and Gyms, Oak Tree Village offers a swimming pool and in-unit washers and dryers for 2 and 3 bedroom units.
In addition to luxurious amenities, Oak Tree Village is also very convenient to anywhere in greater San Jose. The community provides easy access to the area freeways as well as shopping centers and daily needs.
Last updated on May 23rd, 2019
|1 Bedroom (1/1)||-||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
|2 Bedroom (2/1.5)||-||Call for Price|
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 San Jose but actual income limits may differ for units at Branham Lane Apartments.
|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|
Branham Lane Apartments is managed by CARE (California Real Estate Management).