April 25, 2024

The Meridian and Solaire Apartments Grand Openings


2024 is shaping up to be an exciting time for affordable housing development. Several significant milestones have unfolded in recent months as part of SV@Home’s ongoing efforts to support and advocate for affordable housing initiatives. From the grand opening of Path Villas at 4th Street in San Jose earlier in January to the recent inauguration of Charities Housing’s Blossom Valley Senior Apartments, the landscape of affordable housing in our communities is evolving rapidly.

Adding to this momentum, we are thrilled to announce the grand openings of two more projects: Solaire Apartments and The Meridian. These grand openings, which took place on April 22nd and April 23rd, respectively, mark significant progress in addressing our region’s pressing housing needs.

  • The Solaire Apartments, situated at 425 Auzerais Avenue in San Jose, represent a beacon of hope for individuals and families facing housing insecurity. Developed by Eden Housing, this 130-unit apartment community is strategically located in the Diridon Station Area, a vibrant hub undergoing transformative development efforts. Solaire Apartments will not only provide affordable housing options for households earning 50–60% of Area Median Income but will also reserve half of its units as permanent supportive housing, addressing the homelessness crisis in Santa Clara County.
  • The Meridian, located at 3941 Stevens Creek Boulevard in Santa Clara, is a testament to the power of collaborative efforts in advancing affordable housing solutions. Developed by Related California, this 59-unit development offers a mix of one-, two-, three-, and four-bedroom units tailored to house families earning 30-60% of the Area Median Income.

As we celebrate these significant milestones, it is essential to acknowledge that the grand openings of these affordable housing projects are the culmination of concerted regional and local efforts. These efforts include the implementation of various cities’ Notices of Funding Availability (NOFA), Santa Clara County’s Measure A Affordable Housing Bond, and San Jose’s Measure E. Without the vital support of these funding sources, affordable housing developers would face insurmountable challenges in delivering these homes to communities. These initiatives provide the essential financial backing necessary to make these developments feasible, enabling developers to address the pressing housing needs of our region.
However, with the recent exhaustion of Measure A funding, dedicating and committing existing funding sources to affordable housing development is now more critical than ever. These funds are pivotal in ensuring developers can finance and construct new affordable housing units for Santa Clara County residents, particularly for some of our most vulnerable community members.