Opened in fall 2011, Fair Oaks Plaza is a services-enriched community designed to meet the needs of its senior residents in multiple ways. It is conveniently located with a new County Medical Clinic just next door and within a half mile of the Sunnyvale Senior Center, grocery stores, a pharmacy, a public park, and multiple bus lines which stop directly in front of the community. Additionally, the apartments have been designed to be fully adaptable, allowing the opportunity for seniors to age in place. The 2,300 square feet of common space provides a wonderful hub for onsite services, social activities, fitness opportunities and other programs.
Last updated on January 22nd, 2018
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
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.
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 Sunnyvale but actual income limits may differ for units at Fair Oaks Plaza.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$58,000||$66,300||$74,600||$82,850||$89,500||$96,150||$102,750||$109,400|
|Low Income (60%)||$69,600||$79,560||$89,520||$99,420||$107,400||$115,380||$123,300||$131,280|
Fair Oaks Plaza is managed by MidPen Housing.