We’re about to throw some big numbers at you. Yesterday, the Santa Clara County Board of Supervisors approved the funding of $75.5 million to build six new affordable housing projects in San Jose, Mountain View, and Sunnyvale.
The funding will mainly come from Measure A, a $950 million housing bond aimed to provide funding for 4,800 affordable homes across the county by 2026. Since the Measure’s approval in 2016, Santa Clara County has funded 3,684 affordable housing units for extremely low-income populations — 75% of its goal amid an escalating homelessness crisis.
Funding for these newly approved projects will also come from No Place Like Home + Affordable Housing for the Intellectually and Developmentally Disabled funds.
We gave you the lowdown, now here’s the breakdown of these approved housing projects:
San Jose
- A 365-unit affordable development at McEvoy St. + Dupont St.
- A 103-unit affordable senior apartment complex on N. 15 St.
- A 116-unit affordable family development on Grand Ave. + Race St.
- A 102-unit affordable development from a converted Residence Inn on San Ignacio Ave.
Sunnyvale
- A 93-unit affordable development on West Weddell St.
Mountain View
- A 120-unit apartment complex on California St. + Bryant St.
More than half of these new housing projects will serve those earning less than 80% of the median income in Santa Clara County — which is below $117,750 for a household of four.
Santa Clara County has funded 41 developments so far and seven are set to open this year.