SV@Home members are working together to deliver affordable housing! A partnership between Sand Hill Property Company and nonprofit developer Eden Housing is bringing 232 new affordable homes in the first residential building at the site of the former Vallco Mall.
There’s important progress to share in Cupertino: affordable housing at The Rise, the long-anticipated redevelopment of the former Vallco Shopping Mall, is officially moving forward! SV@Home has been actively engaged in supporting new housing and affordable housing opportunities at this site for years, and we are excited to see progress continue.
A construction permit application has been submitted for the first residential building at The Rise, and it will be 100% dedicated to deed-restricted affordable housing. This milestone clears the way for 232 affordable homes to begin construction before the end of 2026. The homes will be delivered in a partnership between two long-time SV@Home members: Sand Hill Property Company and nonprofit developer Eden Housing, a respected leader in creating high-quality affordable communities across the region.
Notably, half of these 232 homes will be family-sized two- and three-bedroom apartments, an important priority that serves families who may have a harder time finding an affordable home. Most of the units will be reserved for households earning at or below 50% of area median income, directly addressing one of Cupertino’s most urgent housing needs.
These homes will be located in the project’s “Town Square West” district, which will also include approximately 200,000 square feet of retail, dining, and entertainment space, along with more than three acres of public parks and open space. The goal is to integrate affordable housing into a vibrant, mixed-use neighborhood where residents can access amenities, recreation, and community spaces from day one.
Town Square West represents the first phase of The Rise, which will ultimately include 2,669 homes, with 356 affordable units across the full project. While the total number of affordable homes has been reduced from earlier proposals, the updated plan improves the unit mix significantly, shifting from just 11% family-serving units previously to 50% multi-bedroom homes in the current affordable phase.
The City of Cupertino will oversee the rental process using its established priority placement procedures to ensure fairness and compliance.
After years of community conversations and planning, this step delivers on the shared commitment to make affordable housing central to the transformation of the Vallco site. For families struggling with Silicon Valley’s high housing costs, these 232 homes represent meaningful progress, and a tangible reminder that inclusive growth is possible when partnerships come together to move projects forward.