Valley Palms Apartments

2155 Lanai Ave, San Jose, California 95122

Valley Palms Apartments Details

  • 354 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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 Valley Palms Apartments.

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

Nearby Low Income Apartment Communities

Baker Park

4748 Campbell Ave
San Jose, California
Income Based
2-4 BR
Affordable

Markham Plaza I

2000 Monterey Hwy
San Jose, California
Income Based
Studio-2 BR
Affordable

Cornerstone at Japantown

875 N 10th St
San Jose, California
Income Based
2-3 BR
Affordable

Dent Commons

5363 Dent Ave
San Jose, California
Income Based
Studio-3 BR
Affordable