Italian Gardens Family Housing, located at 1500 Almaden Rd in San Jose, has one, two and three bedroom apartments. Italian Gardens Family Housing participates in the Low-Income Housing Tax Credit (LIHTC) program.
Italian Gardens is not currently accepting applications.Last updated on July 31st, 2019
|1 Bedroom (1/1)||610||Call for Price|
|2 Bedroom (2/1)||788-912||Call for Price|
|3 Bedroom (3/1)||1,185||Call for Price|
Italian Gardens, a joint venture between MidPen Housing and Sacred Heart Catholic Church, is part of the Tamien Station Area Plan to redevelop the transit-oriented locale with high-density urban housing. Receiving the Gold Nugget Award of Merit from the 2005 Pacific Coast Builders Conference and a 2004 Builder’s Choice Award of Merit from Builder Magazine, Italian Gardens was designed with a “board and batten” appearance consistent with the neighborhood. It also reflects the style of the historic 1920s Tudor revival home located on the community site, the Lo Curto house. Surrounding Italian Gardens and the Lo Curto house is a park-like area of trees, ponds and grottos – designated landmarks by the City of San Jose. The house and park were preserved and rehabilitated as part of the affordable housing development.
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 Italian Gardens Family Housing.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$51,250||$58,550||$65,850||$73,150||$79,050||$84,900||$90,750||$96,600|
|Low Income (60%)||$61,500||$70,260||$79,020||$87,780||$94,860||$101,880||$108,900||$115,920|
Italian Gardens Family Housing was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Italian Gardens Family Housing is managed by MidPen Housing.