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San José council green-lights downtown housing incentives and infrastructure items
Summary
Council approved incentive packages for multiple downtown housing projects, admitted East Village business-improvement district measures to move forward, and approved infrastructure items including an LS Power franchise and the wastewater plant CIP update.
SAN JOSÉ — The San José City Council on Wednesday approved a series of housing and infrastructure actions intended to accelerate construction and strengthen local infrastructure.
Housing and incentives
Council admitted Core Affordable Housing’s Gateway Tower (220 units, fully affordable) and a historic conversion of the Bank of Italy into about 109 residential units into the city’s downtown incentives program. Both projects received fee and tax exemptions intended to reduce upfront costs and spur construction; city staff outlined exemption options and conditions tied to prevailing-wage and local-hire requirements. Core Affordable Housing said it plans to begin construction this summer.
Separately, the council approved…
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