Amid a tsunami of cuts to the nation’s social safety nets, a golden nugget in the congressional budget bill will allow developers to create more affordable housing. H.R. 1 provides an increase to the Low Income Housing Tax Credit program, the primary source of federal funding for affordable housing. Starting next year, states will be...
Santa Clara County scores millions for affordable housing project
Gov. Gavin Newsom has awarded three California communities millions of dollars for affordable housing — and Santa Clara County hit the jackpot. The Algarve Apartments received $40 million in state Project Homekey+ funding to begin construction on the $79 million project in San Jose. When completed in October 2027, the development will provide 90 apartments...
Saratoga housing development catches residents off guard
A century-old Saratoga vineyard could transform into hundreds of homes, creating mixed feelings in the community. San Jose-based City Connect Real Estate Development is proposing a 231-home development on 11.6 acres of vineyard land at 14001 Chester Ave. The project includes 24 single-family homes, 85 townhomes, 84 homes with tandem garages and 38 attached accessory...
San Jose activists oppose diverting affordable housing funds
San Jose Mayor Matt Mahan opened up the floor to critics of his initiatives to address homelessness Tuesday for the first time since the 2025-26 proposed budget included a reduction of funds prioritized for affordable housing. The property transfer tax known as Measure E was passed by San Jose voters in 2020 to fund permanent...
Affordable housing to replace East San Jose abandoned building
A vacant building in East San Jose will be replaced with hundreds of affordable homes. A 100% affordable housing complex was approved at 2940 Alum Rock Ave. across from James Lick High School March 12 at Planning Director hearing. The 50,900-square-foot development would construct 400 homes and demolish two vacant buildings to make way for...
San Jose apartment project to reduce affordable housing
Plans for a housing development near Japantown have changed, with the number of affordable apartments being significantly reduced. The San Jose Planning Commission voted unanimously Wednesday, with Commissioners Melissa Bickford and Pierluigi Oliverio absent, to recommend the City Council approve a 7-story, 118-home multifamily apartment complex with six affordable homes instead of 18 as initially...
San Jose affordable housing replaces day care project
A North San Jose site originally planned for what city officials described as a new day care center is shifting gears to an affordable housing complex. McKenzie Dibble, project manager for housing developer Danco, said during a Monday meeting with residents that they acquired the property at 1207 North Capitol Ave. last month and plan to...
Affordable housing preserved for East San Jose families
An affordable housing group is celebrating its biggest win to date after San Jose officials approved the permanent preservation of 18 homes. The South Bay Community Land Trust has spent nearly two years engaging with residents, city leaders and the landlords at 1718, 1724 and 1730 Virginia Ave. in an effort to purchase the apartments...
San Jose developer pays millions to reduce affordable housing
Plans for a San Jose urban village have shifted, after developers agreed to pay millions to offset their decision to build more affordable homes. The San Jose Planning Commission unanimously approved a downscaled plan for hundreds of apartments at the El Paseo de Saratoga shopping center Nov. 20 after developers agreed to pay $13.9 million...
East San Jose development could add hundreds of affordable homes
East San Jose could be home to one of the city’s largest affordable housing developments in recent history under a new proposal. City leaders are hosting a Nov. 18 community meeting to discuss a proposed 100% affordable housing development at 2940 Alum Rock Ave., just across from James Lick High School. The 50,900-square-foot development would...