Tyrella Gardens is managed by MidPen Housing.
Tyrella Gardens is an affordable rental housing community that has served low-income families since its construction in 1971. With the community at risk of converting to market-rate housing, MidPen Housing purchased and rehabilitated Tyrella Gardens in 1989 in order to keep rent affordable. A major renovation of Tyrella Gardens was completed in 2004, and included new kitchens, unit flooring, heating and water systems, energy-efficient windows, and outdoor siding. There is a brand-new playground, tree-lined courtyard, and a 1,200- square foot community building with a computer center and communal kitchen. The community building provides space for classes, meetings, and an afterschool program. Tyrella Gardens is conveniently located near major highways and job centers in Silicon Valley.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Income Based |
2 Bedroom (2/1) | - | Income Based |
3 Bedroom (3/1) | - | Income Based |
Last updated on January 22nd, 2018
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 Mountain View but actual income limits may differ for units at Tyrella Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $62,450 | $71,400 | $80,300 | $89,200 | $96,350 | $103,500 |
Low Income (60%) | $74,940 | $85,680 | $96,360 | $107,040 | $115,620 | $124,200 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.