2016 Measure A Housing Bond Progress

Program Overview

On November 8, 2016, the people of the County of Santa Clara approved Measure A, a proposition authorizing the County to issue up to $950 million in general obligation bonds to acquire or improve real property for the purpose of providing affordable housing for vulnerable populations throughout the County. We provide the following highlights about the Measure A Program (Program):​

  • ​Program funds are targeted to help construct 4,800 units of affordable housing, in addition to assisting about 235 families to secure loans to finance their first homes.
  • In October 2017, after adopting a range of program guidelines over the use of Program funds, the County issued its first bond tranche of $250 million.
  • As of March 31, 2021, the Program has committed over $607.85 ​million, of which $25 million is committed to the first-time homebuyer loan program, $11.9 million has been committed to a Supportive Housing Fund for predevelopment loans, and $570.95 million has been committed to 46 housing projects.
  • These housing projects are in the process of adding 2,744 units of affordable housing included in the County’s housing goals, and an additional 440 units of low-income housing and 80 units of moderate-income housing that are not addressed in the Program’s housing goals (as discussed in the Housing Program Goals section below). 
  • As detailed in the program overview dashboard below, this means that 63.98 percent of all bond proceeds are financing the development of 57.17 percent of the Program’s housing goals.
  • In addition, for every dollar invested by the Program, the Program incentivizes an average of $2.89 from outside investments (Public/Private Leveraging Ratio).​​

Use of Bond Proceeds

The dashboards below provide details on the estimated cost share per unit and housing development, sources of funding by housing development, and actual expenditures to-date. As of March 31, 2021, we provide the following highlights:

  • The Program has committed $570,952,928 to 46 housing projects, with individual commitments ranging from $1 million (The Veranda) to $53 million (Gateway Tower).
  • When looking at the estimated cost per unit of housing, the Program has committed anywhere from $45,752 per unit (Markham I) to $210,938 per unit (Leigh Avenue Senior Apartments), with an average cost share of $158,591 ​per unit of housing.
  • Although $570.95 million has been committed by the Program for these 46 housing projects to-date, $210.97 million has been actually expended to-date.​

Housing Program Goals

Program housing goals aim to create 4,800 units of affordable housing. As of March 31, 2021, Program funds committed to date are projected to finance 57.17 percent of the Program’s total affordable housing goal.  Based on the Program’s funding commitments through March 31, 2021, the status of housing development goals by type of housing are as follows:​

  • Helping to finance over 82.94 percent of the Permanent Supportive Housing (PSH) goal.
  • Helping to finance over 19.63 percent of the Rapid Rehousing (RRH) goal.​
  • Helping to finance over 51.00 percent of the Extremely Low-Income (ELI) housing goal.
  • Helping to finance 88.17 percent of the Very Low-Income (VLI) housing goal.
  • There are 440 units of Low-Income (LI) housing incorporated into the current housing projects; however, the Program has no stated goal for this category of housing.
  • There are 80 units of Moderate-Income (MI) housing incorporated into the current housing projects; however, the Program has no stated goal for this category of housing.​

​The dashboards below provide detail on the number of units in development by housing type, as well as how each housing development contributes to each housing goal.​

List of housing developments funded by Measure A Housing Bond:

Click the name of housing development from the list below to view a detailed summary of the project.


Housing Development

Total #
of Units

​City

Status

PROJECTED COMPLETION DATE​

​1. ​The Veranda​

19​

​Cupertino

complete​

​Jun 2019

​2. Villas on the Park​ 84​ ​San Jose complete​ ​Nov 2019
3. Crossing on Monterey 39 Morgan Hill​ complete Dec 2019
4. Monterey Gateway Senior Apartments 75 ​Gilroy complete May 2020
5.​ Markham Plaza I (Rehab) 153​ San Jose​ ​complete Dec 2020​
6. Leigh Ave Senior Apartments​ ​64 San Jose​ ​complete Jun 2020
7.​ Curtner Studios (Rehab) ​179 ​San Jose ​under construction Aug 2021​
8. Quetzal Gardens 71 ​San Jose under construction Jul 2022
9. ​Iamesi Village a/k/a N. San Pedro Apt. 135 ​San Jose under construction Oct 2021
10.​ Calabazas a/k/a Corvin Apartments 145​ Santa Clara​ under construction Nov 2021​
11.​ ​​Page Street Apartments​ 82​ San Jose​ under construction​ ​Sep 2022
12.​ Markham Plaza II (Rehab)​ ​152 ​San Jose under construction​ ​Sept 2022
13.​ ​​Vela Apartments (Alum Rock Family Apts) ​87 San Jose​ under construction​ Nov 2022​
14.​ PATH Villas at 4th Street  94​ San Jose​ ​under construction Feb 2023​
​15. Blossom Hill Senior Apartments ​147 ​San Jose under construction​ Jul 2023​
16.​ Gallup and Mesa Apartments ​46 ​San Jose under construction​ ​Sept 2023
17.​ Agrihood Senior Apartments 165 Santa Clara​ under construction Nov 2023
18. ​ ​Immanuel-Sobrato a/k/a Moorpark Apartments 108 San Jose​ ​pre-construction ​Mar 2023
19. Kifer Senior Apartments​​ 80 Santa Clara​ pre-construction May 2023
20. Bascom Apartments ​79 ​San Jose ​pre-construction Aug 2023
​21. Auzerais Apartments​​ ​130 ​San Jose ​pre-construction Sep 2023
22.​ Sango Court Apartments 102​ Milpitas pre-construction ​Nov 2023
23. The Charles 78​ San Jose​ pre-construction​ Nov 2023​
24.​ Roosevelt Park 80​ San Jose​ pre-construction Jan 2024​
​25. Gateway Towers 300​ San Jose​ pre-construction Mar 2024​
26.​ Mariposa Place (W. San Carlos Housing​) 80​ San Jose​ pre-construction​ Mar 2024​
27.​ Tamien Station TOD ​135 San Jose​ ​pre-construction Apr 2024
28.​ ​Alum Rock Multifamily ​58 ​San Jose ​pre-construction ​May 2024
29.​ The Algarve​ ​91 ​San Jose pre-construction​ May 2024
30.​ Dupont Family Apartments​ ​141 San Jose ​pre-construction Aug 2024
31​ ​Sunol-West San Carlos​ 91​ San Jose​ pre-construction​ Oct 2024​
32.​ ​La Avenida ​100 ​Mountain view pre-construction​ Dec 2024
​33. Hillview Court (Phase I - Rehab) ​134 ​Milpitas under construction​ ​April 2021
34.​ ​Casa de Novo (Rehab) ​TBD San Jose​ pre-construction ​Oct 2022
​Total New Units 2,969
Total Renovated Units 618
Total Units 3,587

Supportive Housing Map​

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