The 982-square foot unit, located at 260 Union Ave., has two bedrooms and two bathrooms, and is available to households earning 80% or less than Santa Clara County’s median household income of $124…
, which aims to increase the number of affordable housing units in town, with the help of HouseKeys, a Bay Area-based affordable housing program administrator.
“We’re pretty oversubscribed typically. The [HouseKeys] program itself has about 694 applicants, so the 81 that applied for that particular property are coming out of that 694,” Nyanda said. The Union Avenue property is only available to first-time home buyers, and Los Gatos is utilizing a point system to rank the applications to give preference to those already living and working in town.based on their occupation and disability status, whether they have senior citizens living with them or if they were displaced by actions by the town council, among other factors.
Applicants also have to sign a restriction agreement that keeps the housing as an affordable property if the owner decides to sell in the future.
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