Real Estate Daily Report

Affordable homes project in San Jose lands key construction financing

  • 📰 mercnews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

A San Jose housing development in consisting of about 100 apartments has landed key chunks of construction financing.

SAN JOSE — A housing development in San Jose consisting of about 100 apartments has landed key chunks of the construction financing needed to build the project, Santa Clara County real estate records show.

The six-story development would consist of 99 residential units and be a 100% affordable project, San Jose city planning documents show. San Jose and Santa Clara County were among the key providers of the construction financing for the housing development, documents filed on June 12 with the county Recorder’s Office show.

The development would consist of 97 units restricted to people making less than the area median household income, which for Santa Clara County was $168,500 a year as of 2022. Two of the apartments would be manager units and wouldn’t be restricted by income.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Affordable San Jose homes near Google village advance with real estate dealA housing development that would bring well over 100 affordable homes to a site near downtown San Jose is pushing ahead after a real estate deal.
Source: mercnews - 🏆 88. / 68 Read more »