Pacific Motor Inn
Acceptance of HomeKey Grant
Jacky Morales-Ferrand
Director
Rachel VanderVeen
Deputy Director
December 13, 2022
Item: 8.4
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Pacific Motor Inn
2 Developer: PMI Partners LLC
Service Provider: PATH Ventures
455 South 2nd Street
72 units
Emergency interim housing with
Supportive Services for
individuals and couples
Planned new mixed income
development
12/2/22
Image: Map of Pacific Motor Inn Site
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Acquisition, Rehab, and Operations
38/14/2019
$19,868,250 in HCD Homekey funds
$25,026,939 in City of San José
Measure E funds
• Acquisition & Rehab ($5.7M)
• Operating Subsidy ($19.3M)
Total investment of
$44,895,189
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL Short-term: Emergency interim housing with supportive
services for individuals and couples (72 units)
Long-term: Redevelop Site and target a wider range of
incomes including market rate housing
• One structure will be 72 units of Permanent Supportive Housing with an additional 48 units of affordable housing
• Second structure will be up to 350 new market rate units Short and Long-term Plans
410/5/2021
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 58/14/2019
BUILDING GREAT PLACES INVESTING IN PEOPLE PROVIDING HOUSING FOR ALL 68/14/2019
Pacific Motor Inn
Acceptance of HomeKey Grant
Jacky Morales-Ferrand
Director
Rachel VanderVeen
Deputy Director
December 13, 2022
Item: 8.4