"Construction has started on a new 160-unit affordable housing complex at 525 North Capitol Avenue in San Jose's Alum Rock area. Known as The Fielden, this five-story development replaces earlier plans for an office building. The project, led by Community Development Partners, marks their first venture in San Jose and stands as their most expensive to date, with a total cost of $123 million."
"The Fielden will feature a variety of studios, one-bedroom, two-bedroom, and three-bedroom apartments spread across a one-acre lot, totaling about 42,000 square feet. Among these, 52 units are set aside for individuals who have experienced chronic homelessness, homeless veterans, or those with disabilities, emphasizing support for vulnerable community members. Its location offers convenient access to the VTA light rail, making it easier for residents to connect with jobs, services, and other parts of the city."
Construction has started on The Fielden, a five-story, 160-unit affordable housing complex at 525 North Capitol Avenue in San Jose's Alum Rock area. The development replaces earlier office plans and has a total cost of $123 million. Funding includes $8 million from Santa Clara County’s Measure A Affordable Housing Bond and a $26 million loan from the city, which owns the site. The building will include studios through three-bedroom apartments, with 52 units reserved for people who experienced chronic homelessness, homeless veterans, or people with disabilities. The site offers convenient access to VTA light rail, and completion is slated for June 2027.
Read at Thesanjoseblog
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