City Council, October 27, 2026
Approved: Parkmore Community Apartments conversion to permanent financing, unanimous
What happened
On October 27, 2026, San Jose approved Parkmore Community Apartments conversion to permanent financing (unanimous).
San Jose City Council unanimously approved converting the City's construction loan for the Abode-developed Parkmore Community Apartments (permanent supportive housing for transition-age and foster youth, on county land) into a 55-year permanent loan that pays off roughly 85% of a…
- Jurisdiction
- San Jose, CA
- Governing body
- Final authority
- Date
- October 27, 2026
- Decisions
- 7 zoning decisions
- Outcome
- Approved, unanimous
Free sample: decision 1 of 7
Parkmore Community Apartments conversion to permanent financing
Converted the City's construction loan, approved in 2023, into a 55-year permanent loan that pays off about 85% of the Capital One senior loan. Abode is the developer. The project is permanent supportive housing for transition-age and foster youth with a youth services hub, on county land. The operating budget came in 8.3% over projection. Destination Home is adding $950,000 in bridge funding through year 15. Expected loan repayments are about $164,000 through year 12, from residual receipts. Approved unanimously with Ortiz absent.
The other decisions are listed below. Available full write-ups and conditions are included with Pro.
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Key Decisions (7)
Parkmore Community Apartments conversion to permanent financing
Renaming of Plaza de Cesar Chavez Park to Plaza de San Jose
Amendments to Chapter 9.10 Solid Waste Management
Non-functional turf potable water irrigation ordinance
MEF labor agreement
AEA and CAMP labor agreements
Vehicle abatement audit and group memo
Full write-ups and conditions for all 7 decisions in Pro.
Development Activity (1)
Parkmore Community Apartments
Residential
Market Signals (2)
Housing Demand
The mayor and housing director warned that 100% permanent supportive…
Infrastructure
San Jose implemented a non-functional turf irrigation ban for potable…
Who spoke
20 distinct speakers; 11 identified names.
All speaker roles: 4 Unknown, 5 Staff, 7 Councilmember, 1 Clerk, 2 Public, 1 Mayor.
Identified name roles: 4 Staff, 6 Councilmember, 1 Mayor.
Speaker sample: Erik Soliván, Staff.
10 more identified names in Pro: 6 Councilmember, 3 Staff, 1 Mayor.
Full speaker roster in Pro
Meeting audio
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Zoning terms (6)
11 recorded timestamps
- residential (1 timestamps)
- motion to approve (2 timestamps)
- commercial (1 timestamps)
- approved (5 timestamps)
- variance (1 timestamps)
- conditional use (1 timestamps)
Decision moments (7)
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7 recorded decisions, 1 conditions across 1 decisions. Available full write-ups are included with Pro for San Jose.
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