Rental Info

 

Application Criteria

This Community is Income Restricted. Average income of the households may not exceed the maximum income limits for the property’s program. Please speak with the Property Manager for specific information regarding these income limits. Rents are subject to change.

 

​Income Restrictions (Subject to change with published allowable limits)

2 Persons

3 Persons

4 Persons

5 Persons

6 Persons

7 Persons

8 Persons

50% AMI

$66,300

$­­­58,000

$74,600

$82,850

$89,500

$96,150

$102,750

$109,400

60% AMI

$79,560

$69,600

$89,520

$99,420

$107,400

$115,380

$123,300

$131,280

Percentage of Area Median Income

1 Person

Rent Rates (Depending on income and unit type)

2 bedroom rents are 50% units $1,785 and 60% units are $2,158

3 bedroom rents are 50% units $1,970 and 60% units are $2,484

4 bedroom rents are 50% units $2,280 and 60% units are $2,761

 

Must earn 2 1/2 times the rent. (Subject to change with published allowable limits)

Eligibility

  • Third party income verifications will be required from all income and asset sources.

  • Prior years’ income tax returns may be required as supporting documentation.

  • Income is calculated based on the applicant’s expected annual gross income including income from assets.

  • Criminal Background and Credit checks also apply.

Application

For an application, please contact the Property Manager at Murphy Ranch at 408-782-2084 from 9am to 4:30pm, Monday thru Friday.