The City of San Jose announced in February its plan to fund 11 proposed developments that will add a total of 1,144 affordable apartments to the city’s housing inventory.
The planned apartments include 297 residences for extremely-low-income households, which make $39,900 or less for a family of four.
The cost to the city is $100 million. Combined with another 928 apartments completed, under construction or in pre-development, the city is 20 percent closer to its goal of 10,000 affordable apartments by 2022.
Mayor Sam Liccardo admitted much work is still left to do.
One of the developments is 226 Balbach by Satellite Affordable Housing Associates, 87 apartments in SoFA with 19 studios, 54 one-bedroom and 14 two-bedroom apartments. It could be ready to apply to the state for tax credits within six months.
Other District 3 projects funded in the next year include:
- Kelsey Ayer Station in the Vendome neighborhood, by Silicon Valley at Home, 111 total units including 86 studios and 25 two-bedroom apartments (28 of which will be for developmentally disabled);
- Tamien Station transit-oriented development by CORE Development, 67 one-bedroom, 34 two-bedroom and 34 three-bedroom apartments;
- Roosevelt Park Apartments by First Community
Housing, 80 apartments, including 75 rapid rehousing apartments.