San Jose scored almost $20 million in state funds to rework a motel downtown into homeless housing, as Gov. Gavin Newsom awarded his final Homekey grants of 2022.
The $19.9 million will enable the town to buy the 72-room Pacific Motor Inn on South Second Road. For now, the motel will function non permanent housing for homeless residents. However finally, metropolis officers plan to redevelop the location — changing the motel with two residence buildings for low-income and homeless tenants, in addition to market-rate housing.
“We're grateful for this current Homekey funding for the acquisition of the Pacific Motor Inn, which is able to allow us to scale the progressive method that San Jose pioneered to deal with our most weak neighbors by buying motels to deal with our homeless residents,” San Jose Mayor Sam Liccardo and Councilmember Raul Peralez mentioned in a joint information launch. “This mannequin has already offered a pathway to proceed to maneuver 1000's of San Joseans off the road into protected, dignified housing.”
The cash is a part of $36 million Newsom doled out this week by Homekey — an initiative launched throughout the COVID-19 pandemic to assist cities, counties and nonprofits purchase resorts, dorms, places of work and different buildings and switch them into housing for homeless residents.
Santa Cruz County acquired $2.2 million on this spherical of funding, which it is going to use to show a former medical workplace constructing into housing. The location, throughout the road from a Santa Cruz well being clinic that serves unhoused purchasers, will home people who find themselves disabled and have been homeless for an extended time frame.
San Luis Obispo and San Benito County additionally gained funding on this spherical.
“The success of Homekey proves what is feasible if you end up prepared to problem the established order and check out a brand new, outdoors of the field method,” Newsom mentioned in a information launch. “In just a bit over two years since its inception, Homekey has given 1000's of Californians a spot to name dwelling.”
In San Jose, the Metropolis Council will vote Dec. 13 on whether or not to allocate $25 million towards the motel’s redevelopment. When it’s full, the undertaking can have 72 residences reserved for individuals making as much as 30% of the realm median earnings ($50,550 for a household of 4 in Santa Clara County), and as much as 48 residences reserved for individuals making as much as 60% of the realm median earnings ($101,100 for a household of 4). The undertaking additionally will embrace 350 market-rate models.
Will probably be managed by PMI Companions LLC — a collaboration between inexpensive housing developer PATH Ventures and personal developer Westbank.