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Committee backs $80 million Balboa Park Upper Yard bond allocation to build 131 affordable units, reserve voucher set-asides
Summary
The committee recommended forwarding an $80 million conduit bond resolution for 2340 San Jose Avenue (Balboa Park Upper Yard), a mixed-use affordable housing project with 131 units, an early-childhood center and 39 Housing Choice Voucher set-aside units for Sunnydale residents.
The Budget and Finance Committee on June 3 recommended a resolution to declare intent to reimburse expenditures for an $80 million conduit bond issuance to fund the Balboa Park Upper Yard project at 2340 San Jose Avenue, adjacent to the Balboa Park BART station.
Acting Deputy Director Lydia Ealy (Mayor’s Office of Housing and…
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