San Jose Affordable Housing Project Set to Rise on West San Carlos Street
A new affordable housing project is in the early planning stages for a 2.2-acre site at 860 West San Carlos Street, San Jose. Previously approved for 251-263 market-rate units with ground-floor retail, the development now pivots towards affordability due to rising construction costs. The updated proposal, led by Swenson and Republic Urban Properties, includes up to 272 units of affordable housing. The shift is seen as beneficial for the city, as these projects often have access to state-backed funding sources like bonds or tax credits.
This project is still under review by San Jose’s planning department, with a timeline yet to be determined. While financing details are unclear, the developers aim to make this project a win for both the local community and the housing market. Tackling San Jose’s pressing need for affordable residential spaces.
This initiative highlights how the city’s approach to housing development is adapting to economic challenges while addressing the growing demand for affordable housing.
