SAN JOSE — An affordable housing development proposed for a San Jose site near downtown and a light rail stop has landed some construction financing needed to build the project.
Known as Lupina, the development would produce 99 affordable units at 797 S. Almaden Ave., documents on file with city planners show.
The project’s cost, including financing, land acquisition, and miscellaneous items, is $98.6 million, according to documents posted by the California Tax Credit Allocation Committee, which oversees tax credits for affordable housing projects…