Affordable homes are set to sprout in San Jose after property deal
A development site in East San Jose has been purchased by Green Valley Corp. and Pacific Housing Inc. to build 260 apartments, with 257 being affordable units, near the Berryessa BART Station. The project, named Berryessa Family Apartments, will have rents affordable to households earning 30% to 70% of the area median income.
Green Valley Corp. and Pacific Housing Inc. have teamed up to buy a site at 1655 Berryessa Road in East San Jose to build 260 apartments. The project, Berryessa Family Apartments, will include 257 affordable units and three market-rate manager's units. An affiliate controlled by the two companies paid $15 million for the site. The development will have 93 one-bedroom units, 102 two-bedroom units, and 65 three-bedroom units, with rents affordable to households earning 30% to 70% of the area median income. The area median income for Santa Clara County was $136,650 for a household of one and $195,200 for a household of four in April 2025. The project secured $130.5 million in funding from the California Municipal Finance Authority.
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