Applicants must not exceed 100 percent of the local area median income, which means $105,100 for a household of two and up to $152,400 for a family of six. That’s not a typo. Related Articles This 2-bedroom, 2.5-bath, 1,100-square-foot single-family home — which Zillow estimates is worth $1.1 million — even has room for a vegetable garden and barbecue in the backyard. Cozy Los Gatos House - 2BR, 2BA $3,600 2br - 1200ft 2 - (los gatos) pic hide this posting restore restore this posting. This Bay Area real estate mirage is part of an affordable housing program in the tiny town nestled at the foot of the Santa Cruz Mountains that must remain below-market rate in perpetuity — meaning you won’t make millions down the road when it comes time to sell. I had to actually sit down. A recent open house welcomed more than 20 interested visitors, Avila said, including local couples and families with kids. See pricing and listing details of Los Gatos real estate for sale. No typo: This $1.1 million Los Gatos house is…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), No typo: This $1.1 million Los Gatos house is selling for $274,000, Santa Cruz City Council adopts Wharf Master Plan, Santa Cruz planning panel backs 121-unit affordable housing project, Photos: Newsom pledges extra $200 million for homeless housing, funds more Bay Area projects, Newsom pledges extra $200 million for homeless housing, funds more Bay Area projects, After holiday hubbub, Santa Cruz rail trail decision-making returns, Juvenile justice reform's legal challenge impacts Santa Cruz child murder case, Santa Cruz County renters facing heightened instability in 2020, Santa Clara County issues tough, new COVID-19 rules including quarantines for some. Milpitas approves 44 more apartments at mixed-income complex A recent open house welcomed more than 20 interested visitors, Avila said, including local couples and families with kids. “It was mine. No typo: This $1.1 million Los Gatos house is…, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), 49ers 23, Rams 20: Defensive takeaways, Deebo Samuel power Niners to critical road win, No typo: This $1.1 million Los Gatos house is selling for $274,000, A leader in the battle for local control over development, Thinking small: How coronavirus is changing how we build Bay Area homeless shelters, Judge rejects Milpitas group’s bid to block sale of hotel for homeless housing, Milpitas approves 44 more apartments at mixed-income complex, Downtown San Jose tower would create affordable senior housing. South Bay Man Wins 'Set For Life' Lottery Scratcher - Los Gatos, CA - He had a choice of $4,000 a month for 25 years or $696,000 cash. This was it. “This was it.”. “We have so, so much demand for the low-priced units because the area has such a tremendous need for affordable housing,” Prevetti said. These houses rarely come on the market because families tend to live in them for years, Prevetti said, meaning that Tabb’s home at 178 Terreno de Flores Circle represents a rare opportunity for a lucky Los Gatos family or couple that doesn’t earn sky-high salaries. Check here for important messages emailed by Principal, Guidance, & District. Jackpot! LOS GATOS — A house in sumptuous Los Gatos — one of Silicon Valley’s most desirable cities — is on the market for $274,000. For Tabb, the house was exactly what she needed to feel like she wasn’t just surviving on the day-to-day. The Los Gatos housing program has been in place since 1979 and aims to keep a supply of affordable single-family homes on the market in a town where median home prices have skyrocketed to a whopping $1.8 million. It was my house — it was my place,” she said. It still wasn’t enough to afford a home at the market rate. LOS GATOS — A house in sumptuous Los Gatos — one of Silicon Valley’s most desirable cities — is on the market for $274,000. The program awards applicants within the qualifying income brackets points for factors like having children in the local school system. In the event of a tie between applicants — as was the case with Tabb — available homes are allotted via lottery. For Tabb, the house was exactly what she needed to feel like she wasn’t just surviving on the day-to-day. But she’ll leave behind the memories of barbecuing in the cozy backyard and the calm she felt sitting for hours alone at the kitchen table quilting. For example, an 1,100-square-foot home in Los Gatos, featuring two bedrooms and two-and-a-half bathrooms, could be the bargain of a decade … With a population of 30,680, 12,108 total housing units (homes and apartments), and a median house value of $1,860,935, Los Gatos house prices are not only among the most expensive in California, Los Gatos real estate … That’s not a typo. LOS GATOS — A house in sumptuous Los Gatos — one of Silicon Valley’s most desirable cities — is on the market for $274,000. I was crying. View 205 homes for sale in Los Gatos, CA at a median listing price of $1,799,000. Then she hit the jackpot. Lottery in Los Gatos on YP.com. I had to actually sit down.

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