USA Properties Kicks Off Affordable Santa Clara Project
The public-private partnership includes Google, CalHFA and Bank of America, among others.
USA Properties Fund has broken ground on Mainline North, a 151-unit affordable housing community in Santa Clara, Calif.
The $81.2 million project is part of a public-private partnership including the California Housing Agency, Housing Trust Silicon Valley, the City of Santa Clara, Bank of America, Ensemble Real Estate Investments, Related and Google.
Mainline North will cater to residents earning between 30 and 70 percent of the area median income. Completion is slated for early 2025.
The eight-story building will comprise a parking garage, 5,000 square feet of retail space and the leasing/lobby area on the first three floors. The apartments will be situated on the top five floors and will encompass studios, one-, two- and three-bedroom floorplans.
The units will feature energy-efficient light fixtures and appliances and low-flow showers, toilets and faucets. The community will offer a swimming pool, a rooftop courtyard, a community room, an arts and crafts room, a computer room, barbeque and outdoor seating areas.
Tasman East Specific Plan
Mainline North is part of the Tasman East Specific Plan, a mixed-use development project adopted in 2018. The Tasman East Specific Plan neighborhood received an Award of Excellence from the Northern California section of the American Planning Association. The project aims to create a transit-oriented and walkable neighborhood, which offers greenways, parks and a neighborhood shopping district.
Mainline North will rise at 2300 Calle del Mundo, near Route 237. There’s an abundance of retail centers, dining options, entertainment venues and green areas in the area. Light Mill light-rail station and a few bus stops are also near the site.
Mainline North Apartments is the fourth community developed by USA Properties in Silicon Valley. According to the Joint Center for Housing Studies of Harvard University, almost one out of every four residents are spending approximately 50 percent of their earnings on housing. The Mainline North project will provide housing to an extensive range of income levels.
USA Properties Fund has recently started construction on 8181 Allison, a 147-unit affordable community in La Mesa, Calif. California Housing Finance Agency is also part of the public-private partnership developing the $67 million project.