Markham Plaza II

2010 Monterey Hwy , San Jose, California 95112

Markham Plaza II is part of the gateway project for the Monterey Corridor in San Jose. Each of the 305 SRO units has a full bathroom, a kitchen that includes a full size refrigerator, oven, and microwave, and the majority of our units contain a murphy bed frame that folds away into the wall. Community amenities include a computer room, with scheduled classes, a library, TV rooms, a fitness center, a community room, and on-site laundry facilities. There is also a three story, gated, parking structure. Social services.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Income Based
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Markham Plaza II Details

  • 152 studio, one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Clubhouse
  • Library
  • Laundry Facilities

Unit Amenities

  • Microwave
  • Refrigerator

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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 Markham Plaza II.

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

Markham Plaza II is managed by EAH.

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