City of San Jose City Council Meeting Agenda April 7, 2026
$8.4M Affordable Housing Loan Commitment Approved
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Description
Council approved up to $8.4 million in loans to MidPen Housing Corporation for the VTA Capitol Station affordable housing development, with flexible terms for future rent/income adjustments as needed.
Contract Details
Contract Amount
Up to $8,400,000 loan commitment
Vendor
MIDPEN HOUSING CORPORATION
Agency
City of San Jose, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 29, 2026
Renewal Info
Loan terms permit future amendments per voucher/foreclosure contingencies.
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