955 S 6th St, San Jose, CA 95112
Waiting List Forecast: Likely Short or None
Verified for 2020 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 1.5 Bath | 715 - 1,141 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Villa Torre is ideally located near a large regional park, public transit, bus routes, and is a short distance from the renovated and historical downtown san Jose. As a resident you have easy access to major freeways, public schools, San Jose State University, grocery stores, shopping and two major hospitals.
Villa Torre offers one, two and three bedroom affordable Family units. A portion of the community is constructed over the parking garage with all three stories serviced by elevators for your convenience.
Villa Torre is a beautiful place to call home. In addition to the great location you will enjoy the convenience of laundry facilities, exercise room, TV room, community room w/kitchen, and a playground area for the children
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Villa Torre Family Apartments Phase I & II does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 715ft2 | Call for Price† |
| 2 Bedroom (2/1.5) | 1007ft2 | Call for Price† |
| 3 Bedroom (3/1.5) | 1141ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year |
| 50% AMI for PBRA Units | $62,450 / year | $71,400 / year | $80,300 / year | $89,200 / year | $96,350 / year | $103,500 / year |
| 60% AMI for LIHTC Units | $74,940 / year | $85,680 / year | $96,360 / year | $107,040 / year | $115,620 / year | $124,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villa Torre Family Apartments Phase I & II have a waiting list?
Villa Torre Family Apartments Phase I & II probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Villa Torre Family Apartments Phase I & II?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Villa Torre Family Apartments Phase I & II?
Villa Torre Family Apartments Phase I & II is managed by CARE (California Real Estate Management)
In addition to Villa Torre Family Apartments Phase I & II, how many other affordable housing properties (and units) are there in San Jose?
In addition to Villa Torre Family Apartments Phase I & II, we list 232 other affordable properties in San Jose. Learn about these properties here. Our data research shows that there are a total of 20612 affordable units in San Jose.
566 N. 6th Street, San Jose, California 95112
360 Meridian Ave , San Jose, California 95126
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355 Race Street, San Jose, California 95126
2000 Monterey Hwy , San Jose, California 95112
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