Core Affordable Housing will be building 359 units on the BAREC site in Santa Clara. HTSV is lending $2,250,000 to Core to prepare the site for development of a project dubbed Agrihood.
The site is the former University of California Bay Area Research and Extension Center (BAREC), and was used for agricultural research. BAREC will be a mixed-use project with 165 affordable units for seniors and veterans, moderate-income and market apartments, for-sale townhomes, and urban agricultural open space.