Villas on the Park is an 84 unit permanent supportive housing development with enhanced social services for the formerly chronically homeless in the downtown core of the City of San Jose. Located at 290 N. 2nd Street, a half block north of the historic St. James Park, Villas on the Park includes 83 LIHTC studios for formerly homeless individuals and a two-bedroom resident manager’s unit. Extensive on-site services are provided by PATH.
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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.
Villas on the Park is managed by The John Stewart Company.