787 The Alameda pedestrian view, image by Mill Creek

City of San Jose Helps Turn 787 The Alameda Into Affordable Housing

The City of San Jose has assisted in purchasing a seven-story apartment complex at 787 The Alameda by Diridon Station. The city has committed to financing “not to exceed $100,000,000 of tax-exempt multifamily housing revenue bonds by the California Municipal Finance Authority” to allow Catalyst Impact Fund to purchase the building. Once complete, Catalyst will oversee converting 168 units into affordable housing.

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37 North 27th Street, image by Google Satellite

Another Housing Prospect Floated by Future Little Portugal BART Station, San Jose

The Nova Alianca Hall in San Jose has been sold by the Portuguese marching band society to Intelli, an affiliate of the local developer, Do Van Tron. The property, located at 37 North 27th Street, is close to the prospective 28th Street Little Portugal BART Station. Though the transit connection isn’t expected to open for well over a decade, the new owner is hoping to build dozens of apartments.

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