The Kelsey Ayer Station is an approved 115-unit development that will provide 89 new homes affordable to low- and very low-income families. The Kelsey Ayer Station is a great transit-oriented development that provides access to light rail and major bus lines. The apartment will include a wide range of affordability levels, from 20% AMI up to market rate, creating a truly mixed-income community. The SV@Home gave its full endorsement to the Kelsey Ayer Station, and was proud to advocate for this inclusive, mixed-income community!
89 of the 115 homes will be income-restricted at between 20% and 80% of area median income. For one- person households, this means they will be available to individuals who make between $20,500 and $72,750 per year. Importantly, the proposed development includes 28 homes for people with developmental disabilities, an underserved population that lacks housing choices across the County. Despite significant community outreach, Ayer Station faced opposition from some neighbors who wanted less housing or more parking at the site.
At 1.24, San Jose has a better jobs-housing balance than many other cities in the County. However, the City’s low wage jobs-housing fit ratio is 4.45, indicating an urgent need for more affordable housing (source: 2015 LEHD Origin-Destination Employment Statistics). With median rents for a two- bedroom home in San Jose at $3,300 a month, a family would need to work 169 hours at San Jose’s minimum wage of $15 to afford the median rent (based on the 30% income standard). Affordable housing remains a pressing need in San Jose.
More information about the Kelsey Ayer Station can be found on their website.
SV@Home’s letter of support can be found at this link.MORE NEWS