San José’s new housing program offers reduced-rent apartments at The Fay downtown high-rise for teachers, police officers, firefighters and other middle-income public employees struggling with high Bay Area housing costs.
San José’s first-of-its-kind program will help public employees afford to live in the city they serve, offering nearly 200 reduced-rent apartments in a downtown high-rise that has struggled with vacancies since it opened.
The city’s Lower Income Voucher and Equity program, known as LIVE, makes 197 one and two-bedroom units at The Fay, a 20-story building in the SoFA District, available at below-market rents for eligible public employees and other middle-income earners.
Mayor Matt Mahan said Tuesday the program is meant to support teachers, firefighters, police officers and other public servants who struggle to afford living in one of the country’s most expensive cities…