Affordable Rental Housing

If you are a prospective tenant and would like to find affordable rental properties in San José or to understand which affordable apartments you might qualify for, please visit the City’s Affordable Apartments webpage. For information about the Tenant-Based Rental Assistance program, please visit the City’s HOME Program page.

Income Limits

The income limits for new rental housing developments assisted by the City of San José will depend on the funding source of the assistance:

Program Name	Funding Source	Income Limits	Income Limits Effective Date	Income Limits Source
City of San José Loan Program for new affordable housing	Former redevelopment funds or otherwise subject to California Redevelopment Law, including Inclusionary Housing	2024 Income & Rent Limits	06/11/2024	HCD/CSJ
HOME Low Income Rental Housing Development	Federal HOME Investment Partnerships Program (HOME)	2024 HOME Income Limits	06/01/2024	HUD Exchange
Bond and Tax Credit Funding	Bonds and Tax Credit deals with HCD-based restrictions	2024 Income & Rent Limits	06/11/2024	HCD/CSJ
Bond and Tax Credit Funding	Bond and Tax Credits only	2024 MTSP Income Limits Rent Limits Calculator	04/01/2024	HUD Novogradac

HCD: California Department of Housing and Community Development;
HUD: Department of Housing and Urban Development

For developments assisted by multiple funding sources with income restrictions, the most restrictive limits shall be applied in order to comply with all programs’ rules.

If you are unsure which income limits apply, please contact your property manager. If you have additional questions, please email assetsubmissions@sanjoseca.gov and a Portfolio Manager will assist you.

Rent Limits

The monthly rent levels corresponding to the HCD income limits are also posted on the HCD Income Limits table above using the standard formula of 30% of monthly income. Note that these rent calculations are for gross rents, including a reasonable utility allowance, which can be calculated using the Rent and Utility Matrix. Current utility schedules are issued by the Santa Clara County Housing Authority. The utility allowance relevant to the project's specific amenities must be subtracted from the gross rent to create the net rent that can be charged to the tenant.

TCAC Occupancy Standards

The HCD Income Limits table above also includes the HCD rents and incomes using the California Tax Credit Allocation Committee (TCAC) occupancy standards, as State law allows property owners to elect federal occupancy standards for an entire project if federal funding is involved. This election can only be made once and cannot be changed. If the owner does not explicitly elect federal occupancy standards in writing to the City, the City will continue to monitor according to HCD occupancy standards.

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