Lion Villas
 

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

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Using a combination of tax-exempt bonds and Low-Income Housing Tax-Credits, this preservation occurred without a direct infusion of City funds. Renewing the affordability restrictions on 231 units of one- and two-bedroom housing, the rehabilitation of these 16 two-story apartment buildings allowed the current residents to continue living at Lion Villas uninterrupted, ensuring the continuity and strength of the neighborhood.  
       
       
Completed:   2000-01  
Location:   2550 South King Road, near Tully Road  
Unit Mix:   231 LI/41 MKT  
Unit per Acre:   26.4  
Developer:   Pacific American Properties, Inc.  
Architect:   N/A  
General Contractor:   Lion Villas Associates  
Property Manager:   Evans Property Management  
Financing:   City of San José - $0;  
    Other Partners - $24,893,874  
 
Total Funding:   $24,893,874