Arbor Terrace Apartments is managed by CARE (California Real Estate Management).
Located on the outskirts of Milpitas is a beautiful community, Arbor Terraces. Ideally located across from a major Shopping Mall, everything is at your fingertips. The Community has been designed to meet the Needs of our retiring population, from all walks of life and from around the world.
Their One Bedroom units are fully equipped with the modern conveniences necessary to live comfortably.ýThe property is serviced by two elevators, three Laundry facilities and a charming outdoor patio Area.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
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 San Jose but actual income limits may differ for units at Arbor Terrace Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $62,450 | $71,400 | $80,300 | $89,200 | $96,350 | $103,500 | $110,650 | $117,750 |
Low Income (60%) | $74,940 | $85,680 | $96,360 | $107,040 | $115,620 | $124,200 | $132,780 | $141,300 |
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.