SAN JOSE — A brand new San Jose housing improvement with scores of inexpensive houses is edging nearer to a building launch after a metropolis evaluation that the undertaking received’t have a significant environmental affect.
The undertaking, positioned at 555 Keyes St., would add 100 residences, of which 99 can be inexpensive flats, in accordance with paperwork on file with metropolis officers.
One of many 100 models can be a supervisor’s dwelling that may be supplied at a market fee.
The six-story residential improvement would sprout close to San Jose’s Completely happy Hole Park & Zoo on Keyes Avenue between South twelfth Avenue and Senter Street.
“The town of San Jose has decided that the undertaking could have no vital affect on the human setting” and, in consequence, town doesn’t intend to arrange an environmental affect assertion.
The nonprofit Charities Housing is the developer of the undertaking, which has an total price of $83.6 million, in accordance with metropolis planners.
The Santa Clara County Housing Authority has additionally agreed to supply project-based vouchers for Part 8 housing, which permits low-income households to pay diminished rents, for 44 of the models. Massive households may stay within the 44 models, town paperwork present.
San Jose officers additionally mentioned they intend to pursue a launch of federal Housing and City Growth (HUD) funds for the undertaking.
The estimated complete HUD funding for the rental subsidy within the undertaking is anticipated to be $38.1 million, or roughly $1.9 million a yr.
The town paperwork didn’t disclose when the development of the undertaking may start.