The proposed 12-story apartment building in San Jose's Midtown is shifting from market-rate to 100% affordable housing, increasing its units from 263 to 272. This strategic move is primarily driven by the broader funding opportunities available for affordable housing, which can be bolstered by the current trend of falling interest rates.
The project, backed by Swenson and Republic Urban Properties, reflects a significant change in approach to meet the pressing local demand for affordable housing. Although there is still no estimated time of arrival (ETA) for completion, the updated permits indicate progress and a commitment to seeing this project come to fruition.
Collection
[
|
...
]