2000 Monterey Hwy , San Jose, CA 95112
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $842 - 1,069 per Month† | Studio - 2 Beds | 1 Bath | - |
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.
Markham Plaza I and II is part of the Gateway Project for the Monterey Corridor in San Jose and provides affordable apartments for the formerly homeless. Markham Plaza I was recently renovated with upgrades in exterior paint, recoating of existing roof, LED lighting on common spaces, interior appliances and furniture. Markham Plaza II is currently under renovation. The community offers amenities for residents such as computer room with scheduled classes, a library, TV rooms, a fitness center, a community room, on-site laundry facilities, and a three story gated parking structure. Markham Plaza has three on-site Resident Services Coordinators to assist residents on various social services
Because Markham Plaza I & II participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 290ft2 | $842† |
| 2 Bedroom (2/1) | - | $1,069† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $37,450 / year | $42,800 / year | $48,150 / year | $53,500 / year |
| 50% AMI for LIHTC Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year |
| 50% AMI for PBRA Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year |
| 60% AMI for LIHTC Units | $74,940 / year | $85,680 / year | $96,360 / year | $107,040 / year |
| 80% AMI for PBRA Units | $96,000 / year | $109,700 / year | $123,400 / year | $137,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Markham Plaza I & II have a waiting list?
Markham Plaza I & II 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 Markham Plaza I & II?
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 Markham Plaza I & II?
Markham Plaza I & II is managed by EAH
In addition to Markham Plaza I & II, how many other affordable housing properties (and units) are there in San Jose?
In addition to Markham Plaza I & II, we list 183 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 Markham Plaza I & II listing last updated?
Markham Plaza I & II listing on Affordable Housing Online was last updated on 07/13/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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