Milpitas council approves staff plan on unsold affordable unit and directs priority for low-income buyers

Milpitas — The Milpitas City Council on Jan. 13 voted unanimously to approve staff’s recommendation on an unsold below‑market‑rate townhouse unit at 2001 Terab Court while adding direction to prioritize qualifying low‑income buyers in any resale decision.

Staff presented two options under the city’s executed affordable housing agreement with KB Homes: purchase the remaining below‑market‑rate unit (staff estimated allocating up to $800,000 from the city’s affordable housing fund to cover purchase and real‑estate expenses) and continue marketing it as an affordable unit, or release the unit so KB Homes may sell it at market rate and the city would accept the net proceeds. Staff said the market estimate for the unit was approximately $1,200,000 and that the net proceeds—depending on final sale price—could be applied to the city’s affordable housing programs.

The vote came after a detailed…