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Housing Development List

 

 

The City of San José Housing Department offers various amounts of downpayment assistance in select new construction developments. The City assistance is offered to qualified low- and moderate-income homebuyers as a fully deferred, due and payable in 45 years. At the time of resale, an assisted homebuyer has two options:

  1. Sell the unit at a restricted sales price to an income-eligible homebuyer, provided that the new homebuyer will assume the City loan and existing restrictions; or
  2. Sell the unit for full market value and repay the City loan principal in addition to a portion of the accrued equity from the sales proceeds.

The City’s equity-share homebuyer loan program is open to qualified homebuyers and may be combined with the Teacher Homebuyer Program and the SJSU-Faculty Homebuyer Program. For more information about the City’s equity-share homebuyer program in each new development, review the affordable housing list below:

Almaden Walk

Loan Program: Almaden Walk
Developer: Olson Homes
Location: 2058 Almaden Road
Type: Townhomes
Units: 2-3 bedrooms
Completion Date: May 2008
Contact: Sales office at 408.269.3537

City Heights

Loan Program: City Heights
Developer: Barry Swenson
Location: San Pedro & West St. James (downtown SJ)
Type: High Rise Condominiums
Units: 1-2 bedrooms
Completion Date: 2007
Contact: Sales office at 408.286.2489

Crimson

Loan Program: Crimson
Developer: Wall/Lewis San Jose, LLC, an affiliate of Core Homes
Location: 265 Lewis Rd
Type: Townhomes
Units: 2-4 bedrooms
Completion Date: February 2008
Contact: Sales office at 408.972-9888

Jackson Park Condominiums

Loan Program: Jackson Park Condominiums
Developer: Jackson Square LLC
Location: N. Jackson & Madden Avenues
Type: Condominium
Units: 1, 2, & 3 Bedrooms
Completion Date: April 2008
Contact: Sales office at 408.937.7103

Marburg Place

Loan Program: Marburg Place
Developer: Taylor Morrison
Location: McKee Road & N. 33rd Street
Type: Townhouse
Units: 3-bedroom
Completion Date: November/December 2008
Contact: Sales office at 408.438.1927

Modern Ice

Loan Program: Modern Ice
Developer: Taylor Woodrow
Location: Oakland & Berryessa Rd
Type: Townhomes & Condominiums
Units: 2-bedroom (7 units), 3-bedroom (28 units), & 4-bedroom (5 units)
Completion Date: Phase II - November 2008 (interest list is forming)
Contact: Sales office at 408.299.0919

Monte Vista

Loan Program: Monte Vista
Developer: KB Home
Location: Auzerais Avenue & Sunol Street
Type: Condominiums
Units: 1-bedroom (40 units) & 2-bedroom (36 units)
Completion Date: May 2008 (interest list is forming)
Contact: Sales office at 408.993.9502

One East Julian

Loan Program: One East Julian
Developer: Regis Homes of N. California
Location: Julian and First St (downtown SJ)
Type: Condominiums
Units: 1 bedroom and studios
Completion Date: July 2008
Contact: 650.610.6448

Tierra Encantada

Loan Program: Tierra Encantada Townhomes
Developer: Community Housing Developers
Location: Alum Rock & McCreery Avenue
Type: Townhomes
Units: 3-4 bedrooms
Completion Date: April 2008
Contact: 408.489.3027

Villa Almendra

Loan Program: Villa Almendra
Developer: Neighborhood Housing Services Silicon Valley (NHSSV)
Location: Almaden and Alma Avenue
Type: Townhomes
Units: 17 units, 2-4 bedrooms
Completion Date: August 2007
Contact: NHSSV at 408.279.2600

Villa Fontanas

Loan Program: Villa Fontanas
Developer: Hudson Properties
Location: Fruitdale Ave & Southwest Expressway
Type: Condominiums
Units:1, 2 &3 bedroom
Completion Date: Fall 2008
Contact: 408.249.9600

Village Square

Loan Program: Village Square
Developer: Summerhill Homes
Location: San Carlos Avenue and Muller Place
Type: Townhomes
Units: 3 bedroom
Completion Date: March 2008
Contact: 408.288.5586

Villa Valencia

Loan Program: Villa Valencia
Developer: Winchester Mixed Use Project, LLC
Location: Winchester Blvd & Loma Verde
Type: Condominium
Units: 1 & 2 bedrooms
Completion Date: 2008
Contact: 408.723.1515

Vista on San Carlos

Loan Program: Vista on San Carlos
Developer: ROEM Corporation
Location: W. San Carlos & N. Buena Vista
Type: Townhomes
Units: 2 bedroom
Contact: 279-8989


The Works

Loan Program: The Works
Developer: Barry Swanson
Location: Margaret and Patterson Streets
Type: Condominiums
Units: Studios, 1 & 2 bedrooms
Completion Date: December 2006
Contact: 408.288.8826




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