Real Estate

Real Estate

San Jose to decide where to prioritize affordable housing

As San Jose prepares to consider new framework for where to build affordable housing, questions remain about how to increase opportunities for low-income residents and people of color. “Certain residents aren’t afforded the opportunity to live in higher-resource areas,” said Huascar Castro, associate director of housing and transportation policy at Working Partnerships USA. “The intent of the...

San Jose delays evictions by two months

San Jose tenants won’t be pushed off an eviction cliff this summer, but they’re still uncomfortably close to the edge. The City Council on Tuesday unanimously agreed to extend the local eviction moratorium that was set to expire June 30 through Aug. 31, ensuring two more months of protection for tenants who have fallen behind...

Real estate audit reveals holes in San Jose’s property management

San Jose owns more than 1,250 properties including City Hall, parks and revenue generators like the San Jose International Airport. But there’s no consolidated inventory which makes management and maintenance difficult, a recent city audit revealed. Whenever a question about a city-owned property comes up, officials have to do extensive research across departments and use...

The cost of building affordable housing in San Jose

The high costs of building in San Jose, among the highest in the state, imperil the supply of a crucial source of financing for affordable housing: state tax credits. “Each year, these programs change their funding requirements,” Michael Lane, state policy director at urban planning think tank SPUR, told San José Spotlight. “It takes multiple years to put...

Google, San Jose work out affordable housing goals

Google is coming to downtown San Jose and it’s bringing 4,000 housing units with it. But making sure that a quarter of those units are affordable will be difficult. The biggest obstacle to building affordable housing, city leaders say, is the high cost of land. “The great thing about the Google model is that they’re not...

Developers propose high-rise at historic San Jose restaurant

In the 1950s, youngsters bopped to doo-wop, folks dined at drive-in burger joints and architects dreamed of homes in outer space. It was in this decade that the “Googie” style of architecture flourished, eventually bearing the construction of what would become Bo Town restaurant in downtown San Jose. Now developers aim to erect a 29-story residential tower at...