A proposed development with hundreds of apartments in North San Jose has housing advocates and nearby residents cautiously optimistic.
San Jose-based developer Valley Oak Partners recently submitted a detailed plan to the city planning department for 637 apartments and 100 townhomes that goes beyond the 15% minimum affordable housing requirement. The proposal designates 132 apartments or 20% for residents and building managers who are eligible for affordable housing. The 9.7-acre multi-family residential proposal for 211 River Oaks Parkway includes three stories of market-rate townhomes, five stories of affordable apartments and seven stories of market-rate apartments.
San Jose is hosting a Nov. 14 meeting with nearby residents to gather feedback before city officials consider the proposal.
District 4 Councilmember David Cohen said many of the projects in North San Jose are exceeding the minimum affordable housing threshold.
“The project is an important infill location in North San Jose and it’s on our housing element as a location for family housing. So I’m hopeful we can move this project forward and get it built,” Cohen told San José Spotlight.