Summercrest
 

City of San José - Housing - 200 East Santa Clara Street San José, CA 95113 - ph:408.535.3860

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A forward commitment of permanent financing for 66-units of senior housing involved no City money up-front to acquire the property for this development. Its location along the Almaden Expressway transit corridor and a major VTA bus route gives residents easy and cost effective access to public transportation and shopping.  
       
       
Completed:   Anticipated Completion is 2002-03  
Location:   1735 Almaden Road  
Unit Mix:   66 units; 13 VLI/52 LI/1 manager's unit  
Unit per Acre:   50.8  
Developer:   Simpson Housing Solutions  
Architect:   The Steinberg Group  
General Contractor:   ICON Builders  
Property Manager:   AIMCO  
Financing:   City of San José - $3,757,000;  
    Other Partners - $8,343,000  
 
Total Funding:   $12,100,000