Housing Policy to Pay Attention to Right Now in Sacramento

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Join SV@Home for our next Policy in Action@Home as we break down the latest developments from the Capitol with insider guest Leslie Rodriguez, Partner at California Strategies and Board Chair of the SV@Home Action Fund.

We’ll unpack:

– What’s in (and out of) the state budget

– The housing bills gaining traction and the ones quietly dying

– How this legislative session could shape housing access in our region for years to come

This is your chance to get the real story behind the headlines and what it means for our local work.

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August 12, 2025

Congratulations to the 4% CTCAC Award Recipients!

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We’re thrilled to celebrate the latest round of 4% Low-Income Housing Tax Credit awards from the California Tax Credit Allocation Committee (CTCAC), including several impactful projects in Santa Clara County. These awards mark a critical funding milestone for new and existing affordable housing developments that will serve some of the region’s most vulnerable residents.

On August 5th, the California Tax Credit Allocation Committee (CTCAC) approved reservations for the 2025 second round of 4% Low-Income Housing Tax Credits (LIHTC). These awards are part of a highly competitive, oversubscribed program that plays a pivotal role in financing affordable housing developments statewide. For many projects, this allocation is the final piece needed to transition from pre-development into construction, especially in regions like Santa Clara County where land, labor, and other development costs remain exceptionally high.

We’re excited to share that six projects in Santa Clara County were awarded tax credits in this round:

  1. Mountain View Lot 12 (Mountain View): 120 affordable units for households earning up to 60% AMI, with 25% set aside for formerly unhoused residents.
  2. Berryessa TOD (San José): 195 affordable units for households earning 30–60% of the Area Median Income (AMI), including 25% of units for individuals exiting homelessness.
  3. Gateway Tower (San José): 220 affordable units which will serve households earning up to 60% AMI.
  4. El Camino Real Apartments (Palo Alto): 130 affordable units for households earning up to 60% AMI, with 25% of units reserved for people experiencing homelessness.
  5. BMG Housing (San José): 109 rehabilitated units which will serve households earning 30–60% AMI.
  6. Paseo Senter II Rehab (San José): 100 rehabilitated units restricted to households earning 15–45% AMI, preserving long-term affordability in an existing community.

We extend our congratulations to the developers, local jurisdictions, and financing partners behind these efforts. These awards represent meaningful progress in addressing our region’s affordability crisis—bringing hundreds of new and preserved affordable homes closer to reality. We look forward to seeing these developments break ground and create lasting housing opportunities for Santa Clara County residents.