Jemcor Development Partners and Pacific Housing are partnering to build 300 affordable housing units in downtown San Jose with $107M in construction financing.
The California Municipal Finance Authority is providing the financing, $74M of which is in the form of tax-exempt bonds.
An affiliate of the developers paid $11.7M for development sites at 950 and 970 West Julian Street encompassing a combined 1.1-acre, according to a report in Silicon Valley.com.
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