Outlook
FW: Support for Proposition 37 - San José Homeownership Opportunity From City Clerk < [email protected]>
Date Tue 8/25/2026 10:35 AM
To Agendadesk <[email protected]>
From: Stephanie Yi
Sent: Tuesday, August 25, 2026 10:24 AM
To: The Office of Mayor Matt Mahan <[email protected]>; District1 <district1 @sanjoseca.gov>; District2 <[email protected]>; District3 <district3 @sanjoseca.gov>; District4 <[email protected]>; District5 <[email protected]»; District 6 <[email protected]>; District7 <[email protected]>; District8 <[email protected]>; District9 < [email protected]>; District 10 < [email protected]>; City Clerk <[email protected]>
Subject: Support for Proposition 37 - San José Homeownership Opportunity [External Email. Do not open links or attachments from untrusted sources. Learn more] You don't often get email from Learn why this is important Dear Mayor Mahan and Councilmembers,
I'm writing to ask for your support for Proposition 37.
At AlphaX, our mission has always been simple: build more attainable homes and help more working families become homeowners.
We have been working in San José to create smaller, more attainable homes through infill development, missing-middle housing, SB 9, SB 684, SB 1123, and ADU condominiums.
Through this work, we see every day that building more homes is only part of the solution. Many teachers, nurses, firefighters, public employees, and working families can afford a monthly mortgage, but the down payment and high cost of buying a home remain major barriers.
Proposition 37 could help close that gap by providing eligible middle-income Californians with financing of up to 17% of the purchase price for a new home. This fits directly with what AlphaX has been working toward: creating more housing supply while making homeownership possible for the people who work and raise their families in our communities.
San José has already been a leader in finding creative ways to build more housing. I hope the City can also lead in supporting Proposition 37 and expanding pathways to homeownership for our workforce.
AlphaX would be happy to work with the City, CalHFA, lenders, employers, and community partners to explore how we can bring more attainable ownership homes to San José Thank you for your leadership and consideration.
Warmly,
Stephanie Yi
Founder & CEO
AlphaX RE Capital
Stephanie Yi
CEO|Founder
L* Alphax RE Capital
A fully integrated real estate
platform rooted in Silicon Valley,
founded and led by women
entrepreneurs.
COMPANY MILESTONE
California's First ADU Condominium Sale
Developed by AlphaX RE Capital with the City of San José, under AB 1033.
Read the story on Linkedin→
ALI HOMES
An L Alphax Company
Discover new homes in Silicon Valley →
AlphaX Disclaimer: This email and any attachments are for informational purposes only and do not constitute an offer, solicitation, or recommendation to buy or sell any securities, real estate, or financial instruments. Investments in real estate involve risks, including market fluctuations, liquidity constraints, and potential loss of principal. Past performance is not indicative of future results. Any views or opinions expressed are solely those of the sender and do not necessarily reflect those of AlphaX RE Capital. Confidentiality is intended, and if you are not the intended recipient, please delete this email and notify the sender immediately.