The Verandas

1868 N Capitol Ave, San Jose, California 95132

The Verandas is ideally located near shopping centers, bus stop, two public parks, hospital and other health care facilities. As a resident you have great accessibility to major freeways for an easy commute.

As a resident at The Verandas you will enjoy the convenience of two fully equipped laundry facilities, recreation facility, gym, lounge area and playground area for the children.

The courteous staff at The Verandas has been professionally trained to serve the needs of our residents. Our staff is committed to making your comfort and satisfaction our top priority.

This property's wait list is currently closed.

Contact The Verandas

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General Waiting List is Closed

This property's wait list is currently closed.

Last updated on February 20th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom - Unit A (1/1) 682 Call for Price
2 Bedroom - Unit B (2/1) 891 Call for Price
3 Bedroom - Unit C (3/2) 1137 Call for Price

The Verandas Details

  • 92 1, 2 and 3 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Nearby Amenities

  • Near Shopping

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 The Verandas.

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

The Verandas is managed by CARE (California Real Estate Management).

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