San Jose Takes a Big Step Forward with New Affordable Housing Projects

Great news for San Jose residents! The County Board of Supervisors has just approved nearly $29 million in funding for five new affordable housing projects right here in our city. This is a huge win for our community, especially for those who have been struggling to find affordable places to live. All five of these developments will be built in San Jose, bringing much-needed housing options to our neighborhoods and showing that our city is serious about supporting everyone who calls it home.

These projects will add a total of 612 units to San Jose’s affordable housing supply, offering both rental and ownership opportunities. The funding comes largely through Measure A, a $950 million bond that voters approved back in 2016 to tackle housing challenges. These new homes are designed for families, seniors, veterans, and other vulnerable residents, ensuring safe and stable places to live. In total, the County has committed $48.2 million to these efforts, with $38.7 million directly from Measure A, proving just how vital this initiative is for our region.

San Jose has faced a tough housing affordability crisis for years, with high costs making it hard for many to settle down. But thanks to moves like this, we’re seeing real progress. Measure A is paving the way for change, and these latest projects are a clear sign that our city is on the right track.

Think about what affordable housing means for our community. A stable home can improve health, help kids do better in school, and give families the security they need to build a future. These developments are investments in San Jose’s people, creating opportunities for a better life right where we live.

With these projects taking shape, San Jose is moving closer to being a place where everyone can find a home. Want to get involved? Head to the County’s website to learn more or connect with local groups championing affordable housing in San Jose.

Source: County of Santa Clara

San Jose’s Downtown Set for Transformation with Data Center and Housing Projects

San Jose’s Downtown is on the cusp of a transformation that could redefine its landscape and economic future. City officials are enthusiastic about two major projects proposed by Westbank, blending data centers with housing developments to deliver a powerful one-two punch of innovation and growth. The San Jose City Council has taken decisive action, directing building officials to prioritize these initiatives due to their potential to spark economic vitality and inspire further development. This bold move underscores the city’s determination to cement its place as a thriving hub in Silicon Valley.

The financial benefits alone are enough to turn heads. A proposed 99 MW data center could bring in between $3.5 million and $6.4 million in taxes and fees each year, creating a reliable revenue stream for San Jose. But the impact goes beyond dollars and cents—these projects are expected to generate jobs and draw new businesses to Downtown San Jose. Andrew Jacobson from Westbank captured the brilliance of this approach perfectly: “Housing is very challenged in San Jose, but data centers are not. When you couple those together, you have viable projects.” This clever pairing could ease the city’s housing crunch while strengthening its tech backbone.

Sustainability is also a key piece of the puzzle. The projects include plans for a district energy system, which could reduce energy costs for other developers in the area. This isn’t just smart for Westbank’s bottom line—it’s a gift to future Downtown growth. To sweeten the deal, the city has extended economic incentive programs, like the downtown high-rise initiative that waives construction taxes and fees. These efforts show San Jose’s commitment to overcoming market hurdles and keeping the momentum going for bold, forward-thinking development.

Downtown San Jose stands to gain more than just new skyline features. By merging cutting-edge technology with practical housing solutions, the city is laying the groundwork to tackle some of its toughest challenges head-on.

Source: The Mercury News