"The project still meets all of the requirements of the urban village guidelines, and the key features of the project that were most important to the community are unchanged," Lynch told San José Spotlight.
"San Jose requires all residential developers to make 15% of homes in a project affordable under its inclusionary housing policy. Developers who want to avoid this, as Sand Hill opted to do, must pay an 'in-lieu' fee per home under the 15% minimum requirement."
"This includes the main street paseo, the new retail and restaurant spaces, Whole Foods and the public plaza open space. These are the most important aspects for the greater community."
"Lynch said the finalized version of the El Paseo project will address the city's housing needs and includes a 263-bed residential care and memory care facility."
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