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Affirmed Housing, VTA Break Ground on San Jose TOD

Affordable housing developer Affirmed Housing, the Santa Clara Valley Transportation Authority (VTA) and community partners have broken ground on RISE, a 195-unit affordable housing development adjacent to the Berryessa/North San José BART Station. The transit-oriented community will provide affordable housing for low-income residents and people transitioning out of homelessness.

“This groundbreaking highlights what strong public-private partnerships can achieve,” said Affirmed Housing president Jimmy Silverwood. “By working closely with like-minded partners, we are advancing a transit-oriented development that delivers much-needed housing while connecting residents to jobs, services and opportunity. Together, we are helping shape a more sustainable and accessible future for the Berryessa community.”

Built on land leased from VTA, the 10-story, sustainability-minded complex is the first project in Santa Clara County to receive funding from the Bay Area Housing Innovation Fund, a first-of-its-kind financing source launched in 2024 by Apple, The Sobrato Organization, Destination: Home, and the Housing Accelerator Fund.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • Element Apartment Homes

    Sunnyvale, CACalifornia & West + Apartment Buildings
    Listing Status:Available
    Price:$12,400,000
    No. of Units:26
    Cap Rate:4.71
    GRM/GIM:13.93
    Year Built:1963
    Building Size:19230 Sq ft
    Lot Size:0.84 Acres
    No. of Stories:2
    APN:161-17-013
    No. of Parking Spots:38
    Opportunity Zone:No
    Price per unit:$476,923
    Learn More
  • 3111 W Ramona

    Alhambra, CACalifornia & West + Apartment Buildings
    Listing Status:Available
    Price:$3,700,000
    No. of Units:13
    Cap Rate:4.51
    GRM/GIM:12.89
    Average Occupancy:97
    Year Built:1954
    Building Size:11778 Sq ft
    Lot Size:11253 Acres
    No. of Stories:2
    APN:5352-013-007
    Zoning Code:ALRPD
    No. of Parking Spots:11
    Opportunity Zone:No
    Buy Side Fee:$3
    Price per unit:$284,615
    Learn More
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