TO: HONORABLE MAYOR FROM: Nanci Klein
AND CITY COUNCIL Chris Burton
SUBJECT: See Below DATE: December 9, 2024
Approved Date
12/9/2024
COUNCIL DISTRICT: Citywide
SUPPLEMENTAL
SUBJECT: Multifamily Housing Incentive Program and North San Jose Parks Fee Realignment
REASON FOR SUPPLEMENTAL
This supplemental memorandum provides an updated list of eligible market-rate and affordable residential developments that qualify for the Multifamily Housing Incentive Program that will be heard by the City Council on December 10, 2024.
ANALYSIS
Since the memorandum was posted for the Multifamily Housing Incentive Program and North San José Parks Fee Realignment on November 27, 2024, staff has refined the list of eligible market-rate and affordable projects according to the latest information available from the Department of Planning, Building and Code Enforcement.
There are 35 eligible projects on the updated list – 7,357 market-rate and 2,276 affordable – for a total of 9,633 units. The tables below reflect the final universe of eligible projects.
COUNCIL AGENDA: 12/10/24
FILE:
ITEM:
24-2305
8.2 HONORABLE MAYOR AND CITY COUNCIL
December 9, 2024
Subject: Multifamily Housing Incentive Program and North San Jose Parks Fee Realignment
Market-Rate Projects
Project Address Developer Last
Entitlement
Expiration
Units
1 498 West San Carlos Urban Catalyst 12/14/2028 272
2 4300-4360 Stevens Creek Fortbay/Perry Hariri 8/30/2028 407 3 14200 Union Weingarten Investors 11/2/2028 305
4 1312 El Paseo de
Saratoga/ 1177 Saratoga
Sand Hill Property 11/29/2029 772
5 205 Dupont Miramar Capital/Perry Hariri 5/4/2028 689
6 700 Saratoga Avalon Bay Communities 3/17/2027 247
7 905 North Capitol Hanover 6/29/2028 350
8 1298 Tripp; 1325/
1347 E. Julian
ROYGBIV 11/29/2029 913
9 70 N. 27th HC Investment LLC 5/31/2029 198
10 1530 W. San Carlos Urban Villas LLC 6/28/2029 237
11 1520 W. San Carlos Vivji Mani 7/12/2029 256
12 1050 Saint Elizabeth Evershine XVII LP 4/19/2029 206 13 West San Carlos and
Sunol
Republic Urban 5/4/2028 263
14 1065 S. Winchester A&Z Development 10/25/2028 70
15 1073 S. Winchester A&Z Development 8/25/2027 61
16 605 Blossom Hill Republic Urban 8/9/2028 239
17 1197 Lick/Tamien Station Republic Urban 12/9/2026 434 18 681 E. Trimble Hannover Company 8/14/2028 1146
19 210 Baypointe Summerhill Homes 10/22/2028 292
Total 7357
Affordable Projects
Project Address Developer Last
Entitlement
Expiration
Units
1 802 S. First Maracor/Pacific West 10/12/2028 166
2 2080 Almaden Affirmed Housing Group 10/6/2029 80
3 1371 Kooser Affirmed Housing Group 8/24/2028 190
4 525 N. Capitol Community Development
Partners
9/1/2028 160
5 771-797 Almaden Resources for Community
Development
1/28/2028 99
6 675 E. Santa Clara Santa Clara Housing Authority 4/20/2028 178
HONORABLE MAYOR AND CITY COUNCIL
December 9, 2024
Subject: Multifamily Housing Incentive Program and North San Jose Parks Fee Realignment
Project Address Developer Last
Entitlement
Expiration
Units
7 605 Blossom Hill Green Republic Blossom Hill
LLC
8/9/2028 89
8 70 Kentucky Place Charities Housing 11/9/2029 55
9 501 Almaden Satellite Housing 9/1/2028 53
10 1135 E. Santa Clara Allied Housing 10/9/2026 91
11 2315 Canoas Garden Sand Hill Property Co 1/10/2028 237 12 995 E. Santa Clara First Community Housing 9/23/2028 74 13 2920/2928 Alum Rock Charities Housing 9/1/2028 83
14 934-948 E. Santa Clara Milestone Housing Group 8/8/2029 103 15 71 Vista Montana Charities Housing 3/21/2029 446
16 178 E. Trimble Pacific Companies 8/14/2028 172
Total 2276
/s/
NANCI KLEIN
Director of Office of Economic
Development and Cultural Affairs
/s/
CHRIS BURTON
Director, Planning, Building, and
Code Enforcement Department
For questions, please contact Blage Zelalich, Deputy Director, City Manager’s Office of Economic Development and Cultural Affairs, at [email protected] or (408) 535-8172 or Jerad Ferguson, Principal Planner, Planning, Building, and Code Enforcement Department at [email protected] or (669) 223-1160.