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Santa Clara VTA, Charities Housing Partner on Low-Income Townhomes
The Santa Clara Valley Transportation Authority (VTA) has signed a long-term ground lease agreement with Charities Housing, which will build 45 townhomes intended for low-income residents on property next to VTA’s Branham Light Rail Station.
About a quarter of the units will be designated for extremely low-income residents, earning 30% of the median income in Santa Clara County, or less. This is the first such project VTA has included in its broad portfolio of transit-oriented development.
The Branham homeownership project is one of several new housing projects benefiting from a cooperative agreement between VTA and the Santa Clara County Office of Supportive Housing, which manages funds from the 2016 Measure A Affordable Housing Bond.
“This project is a good example of VTA’s role as a leader in solving problems in our community,” said VTA board chair and Campbell Mayor Sergio Lopez. “Hopefully we are paving the way for future innovations in affordable housing solutions.”
- ◦Development
