Last week, new doors opened in East San José as families moved into 1860 Alum Rock – a community created by Charities Housing Development Corporation and made possible through the strength of public, private, and nonprofit partnership.
Housing Trust Silicon Valley supported the project with a $3 million acquisition loan through our Google Launch Initiative and TECH Fund, and a $2.7 million construction-to-permanent loan from our Apple Affordable Housing Fund. Since 2002, we’ve partnered with Charities Housing on 25 developments across Santa Clara County, providing more than $79 million in funding.
This development was made possible by County of Santa Clara’s 2016 Measure A Housing Bond, which has exceeded its original goal and is now on track to create more than 6,600 affordable homes. It also reflects the partnership of the City of San José, the Santa Clara County Housing Authority, Destination: Home, Amigos de Guadalupe Center for Justice & Empowerment, and others who came together to make it happen.
Congresswoman Zoe Lofgren, Supervisor Betty Duong, Esq., Mayor Matt Mahan, and Councilmember Peter Ortiz joined residents, partners, and neighbors to mark the opening. Most powerful of all was meeting new residents like Stormy, a mother raising her young daughter. After years without a place to call home, she now has a safe, stable apartment close to schools, restaurants, and services – and the chance to build a brighter future for her family.
