"The 6-story Bellarmino Place has 116 apartments for people making 30% to 60% of the area median income, or between $60,250 to $117,120 for a family of four. The building will also accommodate 24 formerly homeless households. The nearly $97 million project received more than $10 million from Santa Clara County, $34 million from the housing authority and $52 million from Wells Fargo."
"The 5-story Alvarado Park provides 90 apartments for older adults making 30% to 60% of the area median income, including 23 apartments for people at risk of homelessness. The nearly $70 million project received $10 million from the county, nearly $22 million from the housing authority and $24 million from Enterprise. "This work matters, because permanent housing is the only sustainable solution to ending homelessness,""
""Without that stability, individuals and families are forced into cycles of crisis, moving from shelter to streets and back again." The $20 million provided by the county came from Measure A, a $950 million affordable housing bond passed by voters in 2016. Bellarmino Place and Alvarado Park are just two of more than 60 affordable developments funded through the bond, bringing 5,700 new apartments for formerly homeless people and those living paycheck to paycheck."
Two adjacent affordable housing developments opened near Diridon Station, adding more than 200 apartments for older adults and people at risk of or formerly experiencing homelessness. Bellarmino Place is a six-story building with 116 units for households earning 30% to 60% of area median income, including 24 units for formerly homeless households, funded through county, housing authority and Wells Fargo contributions. Alvarado Park is a five-story building with 90 units for older adults, including 23 at-risk units, funded by the county, the housing authority and Enterprise. County funding came from Measure A, a voter-approved affordable housing bond.
Read at San Jose Spotlight
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