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Town of Los Gatos’ Below-Market Price Rental Program

Hello Housing is pleased to be administering the Town of Los Gatos’ Below Market Price (BMP) Rental Program. As part of our program management activities, Hello Housing will conduct income certification of all current BMP tenants to determine program eligibility. Please see below for more specific information for current and prospective residents.

Current BMP Residents

Participants in the Los Gatos BMP program undergo recertification every year, beginning in April. If you are a current resident, you will receive an income recertification packet in the mail around that time. If you do not receive a packet, please contact Hello Housing.

Applicants

If you are interested in becoming a BMP resident, inquiries and applications for the BMP Rental Program should be directed to the property managers of each individual rental property. A list of affordable rental communities can be found below and also in the Town’s Housing Resources Guide.

Aventino Apartments

200 Winchester Circle
Los Gatos, CA 95032

51 Below Market Price homes for low and median income households.
1-bedroom and 2-bedroom units

Contact: Property Manager
Phone: (408) 871-7200
Email the manager

Farley Road West

17447 Farley Road
Los Gatos, CA 95030

Four Below Market Price homes for low income households.
Teachers have priority for 3 of the units.

Contact: Property Manager
Phone: (408) 399-3333

Los Gatos Oaks Apartments

517 Blossom Hill Road
Los Gatos, CA 95032

Two Below Market Price homes for low income households.
1-bedroom units

Contact: Property Manager
Phone: (408) 358-2900

The Terraces of Los Gatos

800 Blossom Hill Road
Los Gatos, CA 95032

29 Below Market Price homes for low income seniors. An additional Monthly Service Fee will apply and will be offered at a discounted rate to qualified households. For more information on pricing please contact The Terraces.

Contact: Property Manager
Phone: (408) 357-1100
Visit the Terrace’s Website

Vivere Apartments

137 Riviera Drive
Los Gatos, CA 95032

25 Below Market Price homes for low and moderate income households.

Contact: Property Manager
Phone: (408) 354-3177
Visit Vivere’s Website

Please note: The following properties are NOT monitored by Hello Housing but also offer Below Market Price rental opportunities:.

Fairview Plaza

95 Fairview Plaza
Los Gatos, CA 95032

Four Below Market Price homes for income-qualifying households.
Studio, 1-bedroom and 2-bedroom units

Contact: Community Housing Developers
Phone: (408) 279-7657
Visit CHD’s Website

Los Gatos Creek Apartments

31 Miles Avenue
Los Gatos, CA 95032

12 Below Market Price homes for income-qualifying households.
Studio units

Contact: Property Manager
Phone: (408) 858-3609

Los Gatos Fourplex

221 Nicholson Avenue
Los Gatos, CA 95032

Four Below Market Price homes for low and moderate income seniors.
1-bedroom units

Contact: MidPen Housing
Phone: (408) 379-8440
Visit MidPen’s Website

Open Doors

634 West Parr Avenue
Los Gatos, CA 95032

64 Below Market Price homes for households earning less than 60% of Area Median Income (AMI).
On-site child care center
2-bedroom, 3-bedroom and 4-bedroom units

Contact: MidPen Housing
Phone: (408) 379-6119
Visit MidPen’s Website

Villa Vasona

626 West Parr Avenue
Los Gatos, CA 95032

107 Below Market Price homes for seniors and persons with disabilities.
1-bedroom units

Contact: Property Manager
Phone: (408) 370-9410

BMP Rental Program Income Limits
(effective as of April 2018)

Household Size Low-Income Limit at (80% AMI) Median-Income Limit at (100% AMI)
1 person $66,150 $87,650
2 people $75,600 $100,150
3 people $85,050 $112,700
4 people $94,450 $125,200
5 people $102,050 $135,200
6 people  $109,600 $145,250
7 people  $117,150  $155,250

Resources

2018 Maximum Rental Rates
Rental Dispute Resolution Regulations
BMP Housing Program Guidelines
BMP Income Certification Packet

HELLO HOUSING IS A
PROUD AFFILIATE OF

Matt Franklin, President of MidPen and Hello Housing board president, believes everyone deserves quality, affordable housing.

Michelle is a proud new homeowner who purchased a Hello Housing NSP home in San Lorenzo.

Board Member Rick Jacobus is a national expert using data, not anecdote, to design more impactful affordable homeownership programs.

Mardie Oakes, President, blends finance, design and development to make places people thrive.

Jennifer Duffy, Vice President, turns opportunity into action with the Hello Housing team.

Apple lives in a new type of housing made possible by Senate Bill 962, sponsored by former Senate pro Tem Darrell Steinberg.

Larry shares a duplex with two housemates in an innovative residential program called the Family Teaching Model.

Tien is a proud new owner of an affordable home in Newark, as well a box full of tools to make home repairs easy.

Matt Warner, Program Director for Hello Stewardship, makes affordable homeownership happen.