Description
Title: Actions Related to the Trillium Senior Apartments Housing Development Located at 675 East Santa Clara Street.
Summary
The City of San Jose is considering a resolution to approve a $9,050,000 Construction-Permanent Loan from the Low and Moderate Income Housing Asset Fund for the Trillium Senior Apartments, an affordable housing project located at 675 East Santa Clara Street. This development aims to create 65 units for seniors, including 64 rent-restricted apartments and one manager's unit. The project is part of a broader effort to increase affordable housing in the city, particularly for low-income seniors and individuals needing supportive services. The funding will facilitate the construction of the apartments, which is estimated to begin in March 2026 and will include a 55-year affordability covenant. This initiative is crucial in addressing housing shortages and ensuring access to affordable living options for vulnerable