Santa Clara County, Calif. — The County of Santa Clara Board of Supervisors today voted 5-0 to help fund seven new affordable housing developments in San José, Santa Clara and Mountain View through the 2016 Measure A Affordable Housing Bond and No Place Like Home program. Combined, funds for the projects total approximately $155 million, with most funding coming from Measure A and approximately $18.5 million from No Place Like Home.
With today’s approval, the County has now approved 2,900 new or rehabilitated affordable apartments and is now approximately halfway to its total 10-year housing production goal. So far, the Measure A Affordable Housing Bond has provided $375 million in funding 27 projects in seven Santa Clara County cities as well as $25 million to the first-time homebuyer program.
“These approved projects are the fifth wave of the $950-million dollar affordable housing bond and we can thank the residents of Santa Clara County for them because they approved the money,” said Cindy Chavez, president of the Santa Clara County Board of Supervisors. “These new projects are going to be all over downtown, West San José, Cambrian, Mountain View and the city of Santa Clara.”
Today’s round of approvals include the Moorpark Apartments in San José, which is the genesis of a unique partnership and multi-year vision between Immanuel Evangelical Lutheran Church, nonprofit housing developer MidPen, the County and other entities. The church intends to provide MidPen with 99-year ground lease for the development of 106 affordable and supportive housing units on the same property as the church. Church leaders have spent two years exploring this innovative approach and working with surrounding neighbors and partners to pursue this type of development. The project is also leveraging a $2.6 million grant from the Sobrato Foundation.
“This project is perfectly in line with our church’s mission and our calling to help people who are very much in need,” said Erik Larsen, Council President of Immanuel Evangelical Lutheran Church.
Today’s round of approvals also include the La Avenida Apartments, which is the first Measure A-funded project in the City of Mountain View.
“I hear from residents all the time who want to know what the County is doing to help develop affordable housing and reduce homelessness,” said Supervisor Joe Simitian, who represents District Five (which includes Mountain View). “Not only is a lot being done, but there is much more to come. Today’s vote is a reminder that progress really can be made, and we’re making it.”
This latest round of projects have also leveraged significant philanthropic contributions. In addition to the $2.6 million grant from the Sobrato Foundation to the Moorpark Apartments, four of these projects are leveraging $7.59 million in low-cost predevelopment and acquisition financing from Destination: Home through its Supportive Housing and Innovation Fund.
"Thanks to the collective commitment of the County, our local cities, dedicated non-profits and private partners, we've ended homelessness for more than 14,000 of our neighbors over the past five years," said Jennifer Loving, CEO of Destination: Home. "However, we still have much work to do. To truly end homelessness in our community, we must tackle the root causes of our crisis and address both the disproportionality of who is becoming homeless and the severe lack of housing for our lowest-income and most vulnerable neighbors."
The new developments approved on Tuesday include:
La Avenida Apartments, Mountain View: La Avenida Apartments is a new 102- unit apartment project at 1100 La Avenida Ave. in Mountain View. If approved, the County’s investment of up to $19 million would contribute to the construction of 34 permanent supportive housing units, 33 units for households earning up to 30% of area median income (AMI), 19 units for households earning up to 50% of AMI, and 14 units for households earning up to 60% of AMI. The developer is Eden Housing, Inc. The total development cost is $78,077,678.
Moorpark Apartments, San José: Moorpark Apartments is a new five-story, 108-unit building to be located at 1710 Moorpark Ave. in San José on property belonging to Immanuel Evangelical Lutheran Church. If approved, the County’s investment of up to $16,654,646 would contribute to the construction of 106 permanent supportive housing units, and two units for managers. The developer is MidPen Housing. The total development cost is $76,729,622. Once fully redeveloped, the project would include a new 2,000 square-foot multipurpose room. The estimated cost for these improvements is a $1 million and would be funded by a grant from the Sobrato Foundation.
Algarve Apartments, San José: Algarve Apartments is a new 91-unit, eight-story apartment complex planned for 1135 E. Santa Clara St. in San José. If approved, the County’s investment of up to $11.5 million would contribute to the construction of 46 units for permanent supportive housing, 11 for households earning up to 30% of AMI, and 33 for households earning up to 50% of AMI. The developers are Reed Community Partners, LLC and Allied Housing. Reed is a for-profit multi-family housing developer with experience in affordable housing and Allied Housing is a nonprofit corporation that develops affordable housing for low-income families in the county. The total development cost is $50,618,940.
Bascom Apartments, San José: Bascom Apartments is a new 90-unit, six-story apartment complex to be located at 3090 S. Bascom Ave. in San José. If approved, the County’s investment of $15.8 million will go toward building 20 PSH units, nine for rapid rehousing housing (RRH), 29 for households earning up to 30% of AMI, six for households earning up to 50% of AMI, 13 for households earning up to 60% of AMI and 11 for households earning up to 80% AMI. There will be two manager units. The developer is Affirmed Housing. The total estimated total development cost is $64,054,314.
4th and E. Younger Apartments, San José: The 4th and E. Younger Apartments is a new, 94-unit apartment complex to be located at 1020 N. 4th St. in San José. If approved, the County’s $15 million contribution would go toward the creation of 93 PSH units and one manager’s unit. County funding would come from two sources. Approximately $7.5 million would be drawn from the County’s No Place Like Home allocation and $7.5 million would be drawn from the 2016 Measure A Affordable Housing Bond. The developer is PATH Ventures. The total development cost is of $55,150,637.
Gateway Tower, San José: Gateway Tower is a new, 21-story residential tower located on a 0.5-acre site in downtown San José that will provide 300 affordable and moderate-income housing units and 5,000 square feet of ground-floor commercial space. It will be built at 470 S. Market St.
If approved, the County’s contribution of $64 million would go toward the 220 affordable units in the project, which include 55 units of PSH, 18 for rapid re-housing, 73 for households earning up to 30% of AMI, and 72 units for households earning up to 80% of AMI.
The County’s Housing Bond allocation will include $33 million from the Supportive Housing Development Program Fund and $20 million from the Innovative Mixed-Income Housing Development fund. Approximately $11 million would be drawn from the County’s No Place Like Home allocations. The developer is Core Builders and total development cost is $243,010,412.
Kifer Senior Apartment, Santa Clara: The Kifer Senior Apartments is a new 80-unit apartment building to be located at 3335 Kifer Road in Santa Clara. If approved, the County’s $14 million investment would go toward 45 PSH units, 17 for households earning up to 30% of AMI, 17 for households earning up to 50% of AMI, and one manager’s units. The developer is Allied Housing Inc. The total development cost is $57,567,622.
About the 2016 Measure A Affordable Housing Bond
The 2016 voter-approved $950 million Measure A Affordable Housing Bond is projected to fund 120 new affordable housing developments over 10 years, including 4,800 new apartments dedicated to extremely low-income and very low-income households. In addition, the County will establish rental and ownership opportunities for moderate income households. The bond will enhance the County’s ability to achieve its housing priorities, which include: increasing the scope and breadth of supportive housing for special needs populations (including veterans, seniors, people who are disabled, foster youth, survivors of abuse, the chronically homeless, and individuals suffering from mental health or substance abuse illnesses); increasing the supply of housing that is affordable to extremely low-income households; and improving coordination and collaboration among the County, the cities, other governmental agencies, and the affordable housing community. For more information on the 2016 Measure A Affordable Housing Bond, visit supportivehousingscc.org/housingbond
. For more information on the initiative to end homelessness, visit scctoolkit.org
About the County of Santa Clara, California
The County of Santa Clara government serves a diverse, multi-cultural population of 1.9 million residents in Santa Clara County, the sixth largest county in California. With more than 70 agencies/departments and nearly 22,000 employees, the County of Santa Clara plans for the needs of a dynamic community, offers quality services, and promotes a healthy, safe and prosperous community for all. The County provides essential services, such as public health and environmental protection; behavioral health and medical services through the County of Santa Clara Health System, including Santa Clara Valley Medical Center (Hospital and Clinics), O’Connor Hospital and Saint Louise Regional Hospital; child and adult protection services; homelessness prevention and solutions; roads, parks and libraries; emergency response to disasters; protection of minority communities and those under threat; access to a fair criminal justice system, and scores of other services, particularly for those members of our community in the greatest need.
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Media Contact: Laurel Anderson/Matt Wilson, County of Santa Clara Office of Public Affairs, 669-287-2472.
Posted: March 10, 2020.