Gov. Gavin Newsom has awarded three California communities millions of dollars for affordable housing — and Santa Clara County hit the jackpot.
The Algarve Apartments received $40 million in state Project Homekey+ funding to begin construction on the $79 million project in San Jose. When completed in October 2027, the development will provide 90 apartments for extremely low-income individuals, which will include 24 homes for veterans and 36 permanent supportive housing apartments for people experiencing homelessness. The funding is coming from Proposition 1, passed by voters last March.
Abode Housing Development, an arm of nonprofit Abode Services, is the developer of the project at 1135 E. Santa Clara St. next to Roosevelt Park. Chief Real Estate Officer Jon White said the project would