El Parador Senior Apartments is located in an excellent West San José/Campbell location with nearby grocery stores, pharmacy, medical and dental offices and restaurants. The Pruneyard and Hamilton Square Shopping Centers and Cinema are only 2 miles away. Good Samaritan Hospital is approximately 3 miles away. Location is convenient to freeway and bus lines. Located on 2.79 acres, this senior independent living project consists of a single, three-story building served by dual elevators. The building has Spanish style architecture with a concrete tile roof, a stucco exterior finish and a neutral tone color scheme. Construction was completed in March 2002. On-site resident services are available.
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 El Parador Senior 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|
El Parador Senior Apartments is managed by The John Stewart Company.