Vela Apartments

2358 Alum Rock Ave., San Jose, California 95116

Contact Vela Apartments

Vela is a 7-story, mixed-use development offering 87 affordable homes serving individuals and families of San Jose and the County of Santa Clara. Located in the Mayfair Neighborhood in East San Jose, Vela is a transit oriented, green-point rated development steps from VTA’s rapid bus transit line. This one-of-a-kind project has 43 homes set aside for formerly unhoused individuals and families; 14 of which are reserved through the County’s Rapid Rehousing Program (RRH) and 29 of which are reserved for Supportive Housing (PSH). On-site, wrap around supportive services are provided by PATH. There is a mix of studio, 1-, 2-, and 3-bedroom units in this community.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/2)	-	Call for Price

Eligibility for Vela Apartments

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 Vela Apartments.

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

Vela Apartments Details

87 studio, one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Business Center
On-Site Manager
Bicycle Storage
On-Site Maintenance
Resident Lounge

Unit Amenities

Oven and Range
Heat and Air

Low-Income Housing Tax Credit (LIHTC)

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.