Mercuruy News: Milpitas boosts 100% affordable housing project

Mercuruy News: Milpitas boosts 100% affordable housing project
November 16, 2017 Peter

Milpitas is partnering with nonprofit developer Resources for Community Development to potentially build a $74 million, 100 percent affordable housing project at 355 Sango Court in southern Milpitas. The city last week agreed to loan the developer $150,000 toward the costs of the project's design and other predevelopment expenses. 

Courtesy of City of MilpitasA proposed $74 million, 100 percent affordable housing development meant to help alleviate the high cost of living in the city got a boost last week. The Milpitas City Council, acting jointly as the city’s housing authority, voted unanimously on Nov. 7 to give a $150,000 loan to Berkeley-based Resources for Community Development (RCD) to help cover predevelopment expenses for a 102-unit, below-market rate rental project at 355 Sango Court, south of Montague Expressway. The proposed building site currently is occupied by Pro Star Towing, an automobile tow business. RCD intends to build 79 housing units for very-low income and 22 units for extremely-low income residents, as well as a manager’s unit. In addition, it plans to provide a minimum of 15 units for veterans, many of them homeless or formerly homeless. The 1.26-acre project site at 355 Sango Court is zoned for high-density multifamily residential with a transit-oriented district overlay. Such zoning requires a minimum of 42 and maximum of 60 residential units per acre, staff reports state.

 

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