Community leaders and development officials detailed the incredible demand and need for more affordable housing during a groundbreaking celebration April 18 for Mainline North, an affordable apartment community near Levi’s Stadium in Santa Clara.
Several dozen people attended the event for the 151-apartment community, located in the 2300 block of Calle del Mundo, near Tasman Drive and Lafayette Street. The $81 million development is part of the city’s award-winning Tasman East Specific Plan, an effort to establish a transit-oriented and walkable neighborhood.
Mainline North is a few blocks from a large grocery store, an elementary school, a park, and public transportation – including a couple of bus stops and the Lick Mill light-rail station.
Construction on the eight-story building has started and should be completed in early 2025.
The apartment community will be available to households that earn 30% to 70% of the area’s median income.
Mainline North will offer studios to three-bedroom, two-bath apartments that fit the budget and space needs of a wide range of residents, from single-person households to families.
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USA Properties Fund and The Pinyon Group are the co-developers of Mainline North. The private-public partnership also includes Bank of America, the California Housing Finance Agency (CalHFA), the City of Santa Clara, Google, Housing Trust Silicon Valley, Ensemble Real Estate Investments and Related.
The California Tax Credit Allocation Committee and the California Debt Allocation Committee are financial partners.
You can learn more about Mainline North, including the amenities of the apartment community and the units, from a recent post on the USA Properties Fund website.