Monte Vista Gardens Family Housing

2601 Nuestra Castillo Ct, San Jose, California 95127

In 2017, CPP completed its rehabilitation of Monte Vista Gardens, a community that is 80 percent affordable and 20 percent market rate. Located in San Jose, Calif., the nation’s fastest-rising rental market, Monte Vista Gardens features premiere amenities including a resort-style swimming pool decked out with a Jacuzzi and cabanas. The 144-unit community was purchased in 2016, and a $5.5 million rehabilitation joint venture with the non-profit Jamboree Housing was completed in 2017.

 

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/2) - Call for Price

Monte Vista Gardens Family Housing Details

  • 144 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • Community Room
  • Pool
  • Community Media Center
  • Energy Star Appliances
  • Computer Room
  • Resident Lounge

Unit Amenities

  • Security System

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.

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 Monte Vista 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%) $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

Monte Vista Gardens Family Housing is managed by Community Preservation Partners.

Image of Monte Vista Gardens Family Housing

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