Today, The California Tax Credit Allocation Committee announced that Santa Clara County Housing Authority would receive a highly competitive Low-Income Housing Tax Credits (LIHTC) award for $25 million for an 89-unit senior housing development in San Jose called Alvarado Park. The California Tax Credit Allocation Committee approved 27 projects that will produce 1,388 housing units throughout the state.
“We are thrilled to move this housing community forward, Alvarado Park will provide seniors with quality affordable housing that allows them to age in place. These highly competitive resources awarded at the state level are critical in leveraging local partnerships including funding from Measure A. Together, we are working to address the affordable housing shortage in Santa Clara County,” said Preston Prince, Executive Director at Santa Clara County Housing Authority.