San José Department of Housing - Programs - Acquisition/Rehabilitation

The Department of Housing's Acquisition/Rehabilitation Program provides financial assistance to existing apartment complexes which meet at least one of the following criteria:

Preservation Project: The apartment complex was funded by the U.S. Department of Housing and Urban Development (HUD) and there is the potential that the HUD restrictions will expire and rents would thereby be increased to market rents.
Neighborhood Improvement: The apartment complex constitutes a serious blight impact on the surrounding neighborhood, and rehabilitation of the property would make a significant contribution to revitalizing that neighborhood.
Economic Benefit: The amount of gap financing needed from the City is extraordinarily low. The Housing Department is willing to consider funding for Acquisition/ Rehabilitation deals.
Meeting Affordable Housing Goals: The apartment complex helps the City meet its affordable housing goals by providing a minimum of 10% ELI units and involves a reasonable cost to the City.

For further information on the Acquisition/Rehabilitation Program, contact the Project Development team at:

City of San José
Housing - Project Development
200 East Santa Clara Street, 12th floor
San José, CA 95113

Phone 408-535-8236
Fax 408-998-3183
Kristen.Clements@sanjoseca.gov

As a courtesy, the Practical Solutions for Improving the Seismic Performance of Buildings with Tuckunder Parking study, provided by the City of San Jose, addresses the seismic rehabilitation of tuckunder parking buildings. The City of San Jose promotes the safety of these units and shares this information regarding potential hazards associated with this type of construction.