On Oct. 21 the Santa Clara County Board of Supervisors voted 5‑0 to approve using up to $2,750,000 of the county’s Measure A affordable‑housing bond commitment to acquire the site at 5885 Santa Teresa Boulevard in San Jose. The purchase will allow the county to ground‑lease the land back to the nonprofit project sponsor, Charities Housing, which has already secured other financing.
The development will include 49 total units, 24 of which are designated rapid rehousing and the remainder affordable supportive units. County staff told the board that, if approved, construction financing would close in December and construction would begin shortly afterward. Supervisors and staff described the structure as a cost‑effective public‑private partnership that uses land acquisition to leverage private development capital and keep the project affordable for decades.
Supervisors praised the project as a means of expanding affordable and supportive housing in South San Jose; one speaker noted it as an example of Measure A funds being used to leverage outside financing and accelerate housing production. The board’s action authorizes the purchase consistent with the Measure A bond program and directs staff to proceed with the acquisition and ground lease arrangements.
The measure A bond program, approved by voters in prior years, has financed multiple affordable and supportive housing projects countywide; staff said the overall Measure A portfolio will house thousands of households when completed.