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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.