San Jose Multifamily Affordable Housing Development Program
City of San Jose Housing Department
San Jose, California
The San Jose Multifamily Development Program provides gap financing in the form of low-interest loans or grants to affordable housing developers. Eligible projects must remain affordable to low-income tenants for 55 years.
Contact
Banu San
City of San Jose Housing Department
[email protected]
408-975-4489
Other Eligibility Requirements
Persons experiencing or at risk of homelessness; Victims of domestic violence; Persons with mental illness; Persons with disabilities; Elderly; Youth; Children or youth exiting foster care
Eligibility Limitations
Does not limit eligibility on these criteria
Priority Populations
Extremely low-income households (income less than 30% AMI); Very low-income households (income less than 50% AMI); Persons experiencing homelessness or at risk of homelessness; Victims of domestic violence; Persons with mental illness; Persons with disabilities; Elderly; Youth
Total Funding
$150,000,000
Funding Source
Dedicated funding stream - Real estate transfer tax; Dedicated funding stream - Interest on government accounts
Funding Year
2021
How Provided?
Development loans; Development grants
Data Collected by Program
Income; Race; Ethnicity; Disability status; Age