El Rancho Verde Apartments

303 Checkers Dr, San Jose, California 95133

EL RANCHO VERDE


NOW ACCEPTING APPLICATIONS. Sign up for the Tax Credit Waitlist for our 2 or 3 bedroom apartment homes! Contact us today for more information about the waitlist and our application process. Income and application criteria may apply.

El Rancho Verde is an income-restricted, affordable housing community located in northeast San Jose, less than a 10-minute drive from downtown. Featuring 37 acres of green space with more than 800 mature trees, El Rancho Verde balances tranquil living with urban convenience. A true community where neighbors become friends and families come together, El Rancho Verde supports active, multigenerational social and educational programming — from festive block parties to adult ESL classes — that keep calendars full and bodies and minds strong.
 

Units

Unit (Bd/Ba) Ft2 Rent
Elm Two Bed One Bath (2/1) 858 Call for Price
Maple Two Bed One in a half Bath (2/1.5) 897 Call for Price
Sycamore Three Bed Two Bath (3/2) 1094 Call for Price
Mulberry Three Bed Two bath (3/2) 1702 Call for Price

El Rancho Verde Apartments Details

  • 700 two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Fitness Center
  • Playground
  • BBQ and Picnic Area
  • Computer Lab
  • Community Room
  • Pool
  • Energy Star Appliances
  • Laundry Room(s)

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Cable Ready
  • Carpet
  • Blinds
  • Central Heat & Air

Office Hours

Day Hours
Monday 8:30am-5:00pm
Tuesday 8:30am-5:00pm
Wednesday 8:30am-5:00pm
Thursday 8:30am-5:00pm
Friday 8:30am-5:00pm

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.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

San Jose HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in San Jose but actual income limits may differ for units at El Rancho Verde Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $35,400 $40,450 $45,500 $50,550 $54,600 $58,650 $62,700 $66,750
50% $59,000 $67,400 $75,850 $84,250 $91,000 $97,750 $104,500 $111,250
80% $92,250 $105,400 $118,600 $131,750 $142,300 $152,850 $163,400 $173,950

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 El Rancho Verde 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 Rancho Verde Apartments is managed by FPI Management, Inc..

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