Cypress Gardens Apartments is managed by The John Stewart Company.
Cypress Gardens is one of SCCHA’s oldest senior housing developments and is home to low-income persons whose backgrounds span the globe. In addition to an inviting rose-dappled courtyard with park benches and a large recreation room, residents also have access to the Cypress Senior Center right next door. This project has created a higher level of comfort and security for more than 150 residents, and the 2011-upgraded building will serve residents for many years to come. On-site resident services are available.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in San Jose but actual income limits may differ for units at Cypress Gardens Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
50% | $62,450 | $71,400 | $80,300 | $89,200 | $96,350 | $103,500 | $110,650 | $117,750 |
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 Cypress Gardens 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.