A new affordable housing project has been proposed for development at its project site located at 2940 Alum Rock Avenue in San Jose, Santa Clara County. The project proposal includes the construction of a new six-story affordable housing complex offering four hundred units and parking in the heart of the neighborhood. The project needs to demolish a long-time vacant hardware store on the site.
The Pacific Companies is responsible for the development. Orange County-based AO is responsible for the design.
2940 Alum Rock Avenue, rendering by AO
Site development permit have been submitted to allow the demolition of two vacant commercial buildings, totaling 50,900 square feet, and the removal of 59 trees (including 17 ordinance trees). The scope of work includes the construction of a six-story multifamily residential building with podium parking. The project will bring 400 units as 100% affordable units.
The project is subject to the State Density Bonus Law, with waivers and incentives for the rear building step back, materials, and open space requirements.
2940 Alum Rock Avenue vertical elevation, illustration by AO
As covered previously, the developers are expecting to utilize state tax credits and the 4% bonds to finance construction, though the specifics for that are uncertain given the preliminary nature of the proposal for 2940 Alum Rock Avenue. Once entitlements and financing are secured, construction is expected to start within a year and be ready for occupancy two years after groundbreaking.
2940 Alum Rock Avenue, image via Google Street View
The project site spans an area of 3.4 acres and is located on the south side of Alum Rock Avenue. A project review meeting has been scheduled for March 12, 2025, details of joining can be found here.
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I wonder if the project is using AB 2011 or SB 423/35, since it is 100% affordable?
If not — Let’s get affordable housing projects approved faster and not be held back by unnecessary community meetings or any discretionary processes. We need more housing!
Over 400 units. That’s going to be a big building! I appreciate the density.
Would be nice if they could add some color or interest to the façade.