Oak Grove

5568 Lexington Avenue, San Jose, California 95123

 

Oak Grove Apartments is a new affordable housing community located in San Jose, California. This five- story apartment building offers 134 affordable multifamily apartments. This community is designed to ensure that it is energy-efficient and sustainable while providing its residents with high quality, affordable living. This environmentally-friendly community features energy efficient appliances and fixtures, was constructed with sustainable building methods and materials, and has achieved USGBC LEED Gold certification.

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Units

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

Oak Grove Details

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

Property Amenities

  • Fitness Center
  • Playground
  • Community Room
  • Energy Star Appliances
  • Laundry Facilities
  • Computer Room
  • Community Kitchen

Unit Amenities

  • Extra Storage

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm

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 Oak Grove.

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

Oak Grove is managed by FPI Management, Inc..

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