San Jose, California · Santa Clara County
Monterey Family Village
Monterey Family Village is a low-income housing tax credit (Section 42) property at Monterey Family Apts 2776 Monterey Rd, San Jose, CA with 71 income-restricted apartments out of 72, placed in service in 2009. In 2026 a household of four qualifies for a 60% unit here with income up to $123,300, and a 60% two-bedroom can charge at most $2,775 a month in gross rent.
Equal housing opportunity. Fair Housing Act protections apply, and tax credit properties can't turn down a Housing Choice voucher. Report discrimination to HUD at 1‑800‑669‑9777. LIHTC Atlas doesn't own, manage or rent these apartments.
Full fair housing notice
Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1‑800‑669‑9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Property facts
- Address
- Monterey Family Apts 2776 Monterey Rd, San Jose, CA (map)
- County
- Santa Clara County
- Apartments
- 72
- Income-restricted apartments
- 71
- Bedrooms
- 28 two-bedrooms, 44 three-bedrooms
- Who it serves (HUD)
- Families
- Placed in service
- 2009
- Credits allocated
- 2007
- Construction
- New construction
- Credit type
- 9% (70% present value credit)
- Tax-exempt bond financing
- No
- Nonprofit sponsor
- No
- Rental assistance
- None reported
- HUD project ID
- CAA20090580
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024), as the state allocating agency reported it. HUD lists the property as still monitored for compliance. Contact the property's management for current rents, availability and income rules.
2026 income limits and rents in Santa Clara County
To rent an income-restricted apartment here in 2026, a household's income has to be at or under the unit's limit: $86,340 for one person or $123,300 for four at 60% of area median, $71,950 or $102,750 at 50%. HUD's FY2026 median family income for the area (San Jose-Sunnyvale-Santa Clara, CA HUD Metro FMR Area) is $205,500.
HUD's record lists the property's elected income test as 60% of area median (the 40/60 test).
Income limits by household size, 2026
| Level | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI | $71,950 | $82,200 | $92,500 | $102,750 |
| 60% AMI | $86,340 | $98,640 | $111,000 | $123,300 |
Maximum gross monthly rent by unit size, 2026
| Level | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| 50% AMI | $1,798 | $1,926 | $2,312 | $2,671 | $2,980 |
| 60% AMI | $2,158 | $2,312 | $2,775 | $3,206 | $3,576 |
Source: HUD FY2026 MTSP income limits (files dated March 27, 2026). Rents are ceilings, gross of the utility allowance for tenant-paid utilities, computed by the IRS Publication 5913 method (30% of the limit for 1 person in a studio or 1.5 people per bedroom, over 12, rounded down); the rent the property charges can be lower. A project's limits can't fall below those of earlier years (IRC 142(d)(2)(E)), so a property already in service may use higher figures. All 2026 limits for Santa Clara County, every level from 20% to 80%.
How long the units stay affordable
15-year compliance period: 2009 to about 2023. It starts with the first year of the credit period, which is the year the building was placed in service or, if the owner elects, the next year, so it can run a year later, through 2024 (IRC 42(f)(1), 42(i)(1)). It has ended.
Extended use: 2038 at the earliest. The extended use agreement keeps the units income-restricted for at least 15 years after the compliance period, 30 years in all; that is the federal minimum, and many state agencies require longer (IRC 42(h)(6)(D)).
After year 14 an owner can ask the state agency to find a buyer at the "qualified contract" price; if none is found, the extended use period can end early, with three more years of protection for existing tenants, unless the agreement waives that right, as many states require (IRC 42(h)(6)(E)-(F)). The recorded agreement governs; ask the state agency for this property's terms.
QCT and DDA status
HUD's record has no complete census tract for this property.
For the year it was placed in service, HUD's record puts the property not in a Qualified Census Tract, on that year's tract boundaries.
The 2027 lists (HUD, Federal Register Doc. 2026-20390) govern allocations made after 2026, such as a resyndication; the property's original basis boost depended on the lists in force when it received credits. A ZIP code and its ZCTA usually match but not always. Check an exact address with the QCT and DDA lookup.
Other tax credit properties in San Jose
- Monte Vista Gardens Family Apartments2601 Nuestra Castillo Court · 114 restricted units
- Monte Vista Gardens Senior Housing2605 La Hacienda Ct · 68 restricted units
- Monte Vista Gardens Senior Housing II2600 Nuestra Castillo Ct · 48 restricted units
- Morrone Gardens1107 Luchessi Dr · 100 restricted units
- North San Pedro Apartments201 Bassett Street · 134 restricted units
- Northside Senior Housing270 E Empire St · 75 restricted units
All 173 properties in San Jose. Nearby cities: Campbell (7), Santa Clara (18), Milpitas (5), Sunnyvale (12), Mountain View (18), Fremont (29).
How tax credit apartments work
Rent in an income-restricted unit is capped by the unit's size, not set by your income, and you qualify if your household earns at or under the unit's limit, usually 50% or 60% of the area median. You can apply with a Housing Choice voucher. How to qualify, step by step.