Milpitas City Council Agenda January 2026
City to Release Option on KB Homes Affordable Unit
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Description
Milpitas staff recommends that the Assistant City Manager release the City's option to purchase the remaining affordable unit at 2001 Tarob Court and accept net sale proceeds from developer KB Homes under the existing Affordable Housing Agreement. The action would remove affordability restrictions on the unsold unit, with financial details to be finalized at sale.
Contract Details
Vendor
KB HOMES
Agency
City of Milpitas, CA
Contract Type
OTHER
Document Date
January 23, 2026
Renewal Info
Ongoing Affordable Housing Agreement with KB Homes governing provision and sale of affordable units; action modifies obligations for the remaining unit by releasing affordability restrictions.
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