The City of San José is happy to announce that $75 million in new funding is now available for qualified, “shovel-ready” affordable housing developments. The City of San José Housing Department invites qualified applicants to submit written proposals for the funding of new, affordable, multifamily housing developments for extremely low-, very low-, and low-income individuals and families. Funding will be provided in the form of loans for construction and permanent financing, which may include acquisition costs.
While work proceeds on the Affordable Housing Siting Policy, funding for this round is only available to sites located in the City Council-approved growth areas listed below. Additional areas in the City will be eligible for funding in subsequent Notices of Funding Availability once the City Council approves the Affordable Housing Siting Policy this fall.
North San José
Diridon Station Area
West San Carlos Urban Village
Berryessa BART Urban Village
Blossom Hill/Snell Avenue Urban Village
Applicants and service providers are encouraged to attend the pre-submission conference on Friday, July 9, 2021 at 10:30am. The details of the pre-application conference will be published in Biddingo and applicants may also register at the link provided.
To read the full NOFA and submit proposals, please visit the City’s Biddingo page. Final responses must be submitted by Monday, July 19, 2021.