Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The memorandum outlines actions related to the Trillium Senior Apartments housing development at 675 East Santa Clara Street. It recommends adopting a resolution for a Construction-Permanent Loan commitment of up to $9,050,000 from Low and Moderate Income Housing Asset Funds to the Santa Clara County Housing Authority for the development, which will provide 64 affordable rent-restricted apartments and one unrestricted manager’s unit. The memorandum includes details on funding, unit mix, and next steps for the project.
Key points
The Trillium Senior Apartments will consist of 65 homes for seniors, including 64 affordable rent-restricted homes and one unrestricted manager’s home.
The City of San José is proposed to commit up to $9,050,000 for the development.
The development will reserve 36 units at the 30% Area Median Income (AMI) level.
The total development cost is estimated at $58.1 million.
Construction is estimated to begin in March 2026 and conclude approximately 18 months later.
Limitations
The text includes unresolved placeholders such as specific dates and budget references.
The document does not provide details on the final approval status or specific voting outcomes.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 9,204 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 2/24/26 26-165 8.4 FROM: Erik L. Soliván Jim Shannon DATE: February 2, 2026 Date: 2/3/26 COUNCIL DISTRICT: 3 SUBJECT: Actions Related to the Trillium Senior Apartments Housing Development Located at 675 East Santa Clara Street RECOMMENDATION (a) Adopt a resolution approving a Construction-Permanent Loan commitment of up to $9,050,000 in Low and Moderate Income Housing Asset Funds to Santa Clara County Housing Authority or an affiliated development entity for the Trillium Senior Apartments affordable housing development. (b) Adopt the following 2025-2026 Appropriation Ordinance amendments in the Low and Moderate Income Housing Asset Fund: (1) Decrease the Housing Project Reserve appropriation by $9,050,000; and (2) Increase the Housing Loans and Grants appropriation to the Housing Department by $9,050,000. SUMMARY AND OUTCOME City Council approval of the staff recommendation would enable Santa Clara County Housing Authority (SCCHA) or an affiliated development entity to develop the Trillium Senior Apartments (Development), an affordable housing development located at 675 East Santa Clara...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
This document is a draft resolution from the City Council of San Jose, proposing a loan commitment of up to $9,050,000 in Low and Moderate Income Housing Asset Funds to the Santa Clara County Housing Authority for the Trillium Senior Apartments development at 675 East Santa Clara Street. The development will consist of 65 homes for seniors, with various affordability levels, and will include Project-Based Voucher units for supportive housing. The resolution authorizes the Director of Housing to negotiate and execute related loan documents.
Key points
Resolution proposes a loan commitment of up to $9,050,000 for the Trillium Senior Apartments.
Development will consist of 65 homes for seniors, including affordable rent-restricted homes.
Santa Clara County Housing Authority has committed $17,950,000 for construction and has received a 9% Tax Credit.
The development will include units affordable to households at various income levels, including those at or below 30% AMI.
The City will record a 55-year affordability covenant on the property.
The total development cost is $58.1 million.
Limitations
The document contains placeholders for the resolution number and adoption date.
The document is marked as a draft and may not reflect final decisions or commitments.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,139 chars
SAW:HAH:CEG 2/10/2026 RESOLUTION NO. ______________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE APPROVING A COMBINED CONSTRUCTIONPERMANENT LOAN COMMITMENT OF UP TO $9,050,000 IN LOW AND MODERATE INCOME HOUSING ASSET FUNDS TO SANTA CLARA COUNTY HOUSING AUTHORITY OR AN AFFILIATED DEVELOPMENT ENTITY FOR THE TRILLIUM SENIOR APARTMENTS AFFORDABLE HOUSING DEVELOPMENT LOCATED AT 675 EAST SANTA CLARA STREET WHEREAS, the Santa Clara County Housing Authority (“SCCHA”) proposes to develop and own the Trillium Senior Apartments (“Development”); and WHEREAS, the Development will consist of 65 homes for seniors (64 affordable rentrestricted homes and one unrestricted manager’s home) on a 0.57-acre site located at 675 East Santa Clara Street; and WHEREAS, as part of the consideration for the City’s funding, SCCHA has committed $17,950,000 of funding for construction of the Development and has been allocated a 9% Tax Credit awarded by the California Tax Credit Allocation Committee and $9,050,000 in Measure A funds from Santa Clara County; and WHEREAS, if staff’s recommendation is approved, the City will record a minimum 55year affordability covenant on the property as a condition of Low...
Official source link unavailable.
The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The document outlines a loan commitment for the Trillium Senior Apartments project, which aims to provide 65 new affordable housing units for seniors in San José. The project is part of the City’s efforts to increase housing supply and is funded through various public and private sources, including a $9 million gap financing from the City. The development is expected to start construction in March 2026.
Key points
Trillium Senior Apartments will add 65 affordable units for seniors.
The project received Low-Income Housing Tax Credits.
Construction is projected to start in March 2026.
The City is providing $9 million in gap financing, which is 15.6% of the total development cost.
The total cost of development is $58 million, or $894,000 per unit.
The project includes a collaboration with the Santa Clara County Housing Authority.
Limitations
The document contains placeholders and unresolved sections, such as specific dates and detailed funding breakdowns.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 3,361 chars
HOUSING DEPARTMENT LOAN COMMITMENT FOR TRILLIUM SENIOR APARTMENTS February 24, 2026 City Council Erik L. Soliván Housing Director Item 8.4 NOFA Priorities The City’s key priorities for gap financing are to: • Increase the City’s housing stock supply to all income levels • Fund "shovel ready" developments Provide gap financing as the last funding source into a development project Trillium Senior Apartments is the second 2025 NOFA Applicant to be awarded • Will increase City of San José’s housing stock by 65 new affordable units between 30-50% AMI • The development received an allocation of Low-Income Housing Tax Credits and is projecting to start construction in March 2026 • The City is providing gap financing of $9M, or 15.6% of the total development cost 2/23/2026 2 Overview 100% Affordable Senior Housing • $9,050,000 City construction-permanent loan commitment • Developer: Santa Clara County Housing Authority • Santa Clara Housing Authority: providing a $9,050,000 construction-permanent loan and 36 Project Based Vouchers to subsidize rents for formerly homeless seniors, individuals with special needs and extremely low-income households • County of Santa Clara: providing a...