Modera The Alameda, a 168-unit apartment building on The Alameda near the SAP Center and Diridon train station, is a step closer to transformation into an affordable housing complex following a unanimous vote by the San Jose City Council.
The financing package will cover the acquisition, rehabilitation, improvement, and equipping of the apartments to transition it into an affordable housing development.
The agency serves as a conduit for tax-exempt bonds to fund economic development projects.
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