Crescendo at River Oaks

 

 
 
       
Part of the 2000-unit Shea River Oaks residential development in the Rincon de los Esteros Redevelopment Project Area, this project satisfied the moderate-income portion of the Redevelopment Inclusionary Housing Requirement for project area developments. The developer provided second mortgage assistance to 180 moderate-income homebuyers; the City provided a $400,000 affordability reserve to assure that future resales were available as affordable housing.  
       
       
Completed:   1994-95  
Location:   Montague Expressway & River Oaks Parkway  
Unit Mix:   180 Owner units; 180 mod  
Unit per Acre:   25.6  
Developer:   Shea Homes  
Architect:   Heller and Leake Architect  
General Contractor:   Shea Homes  
Property Manager:   N/A  
Financing:   City of San José - $400,000;  
    Other Partners - $21,432,000  
 
Total Funding:   $21,832,000