215 Ford Road, San Jose, CA 95138
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $286 - 1,325 per Month† | 1 - 3 Beds | 1 - 2 Baths | 651 - 1,357 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Ford Road Plaza will feature 75 new affordable rental homes for families earning 15 percent to 50 percent of the Santa Clara County area median income. It is the second phase of a larger development that will also include 20 affordable homes for individuals with special needs. The Ford Road Housing developments will transform a deteriorated, vacant parking lot into high‐quality, well‐managed, supportive residential communities for families and individuals with special needs. The site is owned by the City of San Jose and they have provided it to the project under a 75-year ground lease for $1 per year.
Ford Road Plaza will be developed using the latest green building techniques and materials, including solar hot water, and is designed to score over 140 points on Build it Greens GreenPoint Rating system. Onsite amenities will include a large community room with a full kitchen, a lounge area, a computer learning center, a large courtyard with a barbecue area, two tot lots, and a community garden. Through Edens free Resident Services, families of Ford Road Plaza will benefit from technology training, financial literacy classes, community involvement, green education, health, wellness, and safety programs.
Endorsed by Greenbelt Alliance, this development is ideally located near a major shopping center plus a wealth of transportation choices such as the Blossom Hill Caltrain station, Santa Clara Valley Transportation Authority (VTA) bus stop, and the nearby VTA light rail Cottle Station. This superb location will allow residents to live, full, active lives without a car and help to reduce greenhouse gases.
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 Ford Road Plaza 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 651ft2 | $286 $956† |
| Two Bedroom (2/1) | 963ft2 | $344 $1,147† |
| Three Bedroom (3/2) | 1357ft2 | $397 $1,325† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year |
| 50% AMI for PBRA Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year |
| 60% AMI for LIHTC Units | $74,940 / year | $85,680 / year | $96,360 / year | $107,040 / year | $115,620 / year | $124,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ford Road Plaza have a waiting list?
Ford Road Plaza 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 Ford Road Plaza?
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 Ford Road Plaza?
Ford Road Plaza is managed by Eden Housing headquartered in Hayward, California.
In addition to Ford Road Plaza, how many other affordable housing properties (and units) are there in San Jose?
In addition to Ford Road Plaza, 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 Ford Road Plaza listing last updated?
Ford Road Plaza listing on Affordable Housing Online was last updated on 01/02/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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