San Jose prepares affordable housing project

The San Jose City Council on Tuesday unanimously approved a loan of approximately $22 million to Berkeley-based nonprofit Resources for Community Development to build an affordable, 99-unit residential development at 797 S. Almaden Ave.

San Jose Spotlight reports. The council also approved approximately $3.6 million to purchase a little over half an acre of land at the corner of South Almaden Avenue and West Virginia Street from a nonprofit and lease it to a developer.

The project will reserve 25 apartments as permanent supportive housing for people suffering from chronic homelessness, including 15 apartments for people and their families in need of mental health care, according to City reports.

The complex will have 30 studios, 24 one-bedroom apartments, 24 two-bedroom apartments and 20 three-bedroom apartments, as well as one two-bedroom manager’s apartment.

Approximately half of the apartments will be affordable for people earning 30 percent or less of the average annual income in the area, or about $35,000 per person per year. Approximately 40 percent of the apartments will be for people earning up to 50 percent of the median income in the area, or approximately $59,000 a year. Nine apartments will be designed for people earning up to 60 percent of the average, or about $71,000 a year.