"In Mountain View's North Bayshore neighborhood, where land abutting Google's headquarters comes at a premium and the average home is priced close to $2 million, a 100-unit affordable housing development opened its doors this spring. Developed by Eden Housing, La Avenida Apartments is one of the latest projects financed in part by Measure A the $950 million affordable housing bond passed by Santa Clara County voters in 2016."
"With a $78 million development price tag that equates to roughly $780,000 per unit, Eden Housing President Linda Mandolini said the La Avenida project would never have been built if it weren't for Measure A dollars. Neither would the other 240 affordable units across three projects in San Jose that Eden Housing has either completed or has in the works, she said."
In Mountain View's North Bayshore neighborhood, 100-unit La Avenida Apartments opened this spring on land near Google's headquarters where average home prices approach $2 million. Developed by Eden Housing and financed in part by Measure A, the $950 million affordable housing bond passed by Santa Clara County voters in 2016, the complex serves veterans, seniors, formerly homeless residents and households earning under 60% of area median income. The project cost $78 million, roughly $780,000 per unit. Eden Housing leadership credits Measure A funding with enabling site acquisition and competitiveness that made the development and additional San Jose projects possible.
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