"An effort to develop housing at public transit stations in Santa Clara County has awakened after being dormant for decades - and is expected to rake in lease profits and fuel train ridership. VTA leaders next week will open the doors to their first new public transit-oriented apartment complex in 20 years, between the Willow Glen and Alma neighborhoods next to the Tamien light rail station. Complete with a child care center and improved transit plaza, the complex will offer 135 affordable apartments."
"The agency will also break ground later this year on two more apartment projects near public transit stations, where residents will receive transit passes. One is a 195-apartment complex near the Berryessa BART station and the other is a 203-apartment complex at VTA's Capitol station. These housing sites don't just recoup train and bus funding from renters in VTA-owned apartments. They can also boost ridership revenue from people who live and work near VTA stations."
"Ten out of 28 transit-oriented development projects in VTA's portfolio are now under active development. This is partly because of two $49 million state grants awarded to VTA last month for two projects: The aforementioned Capitol station site, as well as a 268-apartment project near Mountain View's Caltrain station. The Tamien station project received the same state award prior to its completion."
A renewed push for transit-oriented housing in Santa Clara County is producing new affordable apartment complexes adjacent to VTA stations. The Tamien light rail station complex will open with 135 affordable units, a child care center, and an improved transit plaza. Additional projects this year include a 195-unit complex near Berryessa BART and a 203-unit complex at VTA's Capitol station, with residents receiving transit passes. Ten of 28 VTA transit-oriented development projects are under active development, supported in part by two $49 million state grants and prior awards for the Tamien site.
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