NOW ACCEPTING APPLICATIONS. Sign up for the Tax Credit Waitlist for our 2 or 3 bedroom apartment homes! Contact us today for more information about the waitlist and our application process. Income and application criteria may apply.El Rancho Verde is an income-restricted, affordable housing community located in northeast San Jose, less than a 10-minute drive from downtown. Featuring 37 acres of green space with more than 800 mature trees, El Rancho Verde balances tranquil living with urban convenience. A true community where neighbors become friends and families come together, El Rancho Verde supports active, multigenerational social and educational programming from festive block parties to adult ESL classes that keep calendars full and bodies and minds strong.