City Council, September 1, 2026
Approved: Alternative financing recommendations to spur affordable housing production, unanimous
What happened
On September 1, 2026, San Jose approved Alternative financing recommendations to spur affordable housing production (unanimous).
San Jose City Council unanimously approved an exclusive negotiation agreement and right of entry with LH Housing (second-ranked: Property Works LLC) for a roughly 572-unit, four-phase modular affordable/mixed-income project (up to 80% AMI, no city subsidy, repaying the city's $23…
- Jurisdiction
- San Jose, CA
- Governing body
- Final authority
- Date
- September 1, 2026
- Decisions
- 6 zoning decisions
- Outcome
- Approved, unanimous
Free sample: decision 1 of 6
ENA and right of entry with LH Housing for 71 Vista Montana
Approved an exclusive negotiation agreement and right of entry with LH Housing (partnered with Genesis Companies and Cloud Apartments, the modular fabricator), with Property Works LLC as second-ranked respondent. The project is four phases, about 572 homes up to 80% AMI, with 440 parking spaces and a mix of studios, one- and two-bedroom units. It uses 100% private equity plus conventional debt, with no city subsidy and no tax credits. The developer will repay the city's $23M site investment in four payments, one per phase. Construction is targeted to start within 15 months against a 36-month RFP requirement. The motion was made by the Vice Mayor and seconded by Council Member Kamei.
- Must meet schedule of performance or ENA terminated and second-ranked respondent selected
- repay city's $23 million site investment in four phase payments
The other decisions are listed below. Available full write-ups and conditions are included with Pro.
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Key Decisions (6)
ENA and right of entry with LH Housing for 71 Vista Montana
Alternative financing recommendations to spur affordable housing production
Amendment to Council Policy 6-14 (child care) and consent calendar
Electric franchise to Tokay Energy Storage One LLC
Deferral of item 8.2 (housing item, Arena Motel site)
CalPERS contract amendment
Full write-ups and conditions for all 6 decisions in Pro.
Development Activity (2)
71 Vista Montana affordable housing redevelopment
Residential
Tokay battery energy storage facility
Infrastructure
Market Signals (4)
Housing Demand
San Jose's rental vacancy is at a record-low 3% (Q2…
Housing Demand
Over 20,000 entitled units are not penciling because of construction…
Infrastructure
A public commenter cited roughly 2 GW of data center…
Other
The city plans a study session this fall on enhanced…
Who spoke
18 distinct speakers; 7 identified names.
All speaker roles: 3 Councilmember, 3 Unknown, 3 Staff, 7 Public, 1 Mayor, 1 Clerk.
Identified name roles: 3 Staff, 2 Councilmember, 1 Mayor, 1 Clerk.
Speaker sample: Eric Sullivan, Staff.
6 more identified names in Pro: 2 Staff, 2 Councilmember, 1 Mayor, 1 Clerk.
Full speaker roster in Pro
Meeting audio
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Zoning terms (8)
21 recorded timestamps
- zoning (7 timestamps)
- special use permit (3 timestamps)
- commercial (3 timestamps)
- motion to approve (1 timestamps)
- residential (3 timestamps)
- land use (1 timestamps)
Decision moments (6)
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6 recorded decisions, 2 conditions across 1 decisions. Available full write-ups are included with Pro for San Jose.
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