The Verandas

 

 
 
       
On the Capitol Light Rail Line, this California-contemporary style project is now complete. Formerly the location of a Woolworth’s Garden Center, this family housing development will include a lounge with a kitchen, a weight room, and a tot lot, among other amenities. Financing from the California Housing Finance Agency and 4% Tax Credits provide leverage to the City’s financial contribution.  
       
       
Completed:   1999-00  
Location:   1868 Capitol Avenue south of Cropley Avenue  
Unit Mix:   92 family rental units; 19 VLI/73 LI  
Unit per Acre:   N/A  
Developer:   JSM Enterprises, Inc.  
Architect:   James Guthrie & Associates  
General Contractor:   Segue Construction  
Property Manager:   California Real Estate Management  
Financing:   City of San José - $2,925,000  
    Other Partners – $9,479,404  
 
Total Funding:   $12,404,404