Plaza Maria San Jose

About This Building

Plaza Maria San Jose: Offering Affordable Housing in San Jose, CA Introduction: Plaza Maria San Jose is an apartment complex that falls under the Low-Income Housing Tax Credit (LIHTC) program. If you're searching for an affordable housing option in San Jose, this complex might meet your needs. Keep in mind that these rental apartments are subject to program rent and income restrictions set by the LIHTC. The LIHTC Incentive: The LIHTC program encourages builders and developers to provide housing options for low-income individuals. To determine the maximum rent charged, the program takes into account the Area Median Income (AMI) in the area. However, due to this AMI calculation, the rent at Plaza Maria San Jose may still be unaffordable for some low-income individuals. Affordability Assessment: To find out if Plaza Maria San Jose is within your budget, it's necessary to check the current rental rates. Keep in mind that these rates are subject to change based on the program's guidelines. Therefore, make sure to verify the affordability before making any decisions. Low-Income Apartments Availability: The complex offers 52 low-income apartments. However, it's important to note that there may be waiting lists for these apartments, as is common in many housing communities nowadays. To determine your eligibility for residency at Plaza Maria San Jose, reach out to them directly using the provided contact number. Tips for Renting LIHTC Units: When considering Plaza Maria San Jose or any other LIHTC housing, it's crucial to understand the requirements. All adults residing in the apartment are considered when evaluating income eligibility. Therefore, it's important to include and verify the income of all expected residents during the application process. For further details and clarification, contact the management team. Conclusion: Plaza Maria San Jose stands as a potential solution for affordable housing seekers in San Jose, CA. By comprehending the LIHTC program, understanding the rental rates, and contacting the management, you can determine if this complex aligns with your affordability and eligibility requirements.