{"id":288880,"date":"2026-04-28T00:06:12","date_gmt":"2026-04-28T00:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/288880\/"},"modified":"2026-04-28T00:06:12","modified_gmt":"2026-04-28T00:06:12","slug":"sobrato-aims-for-affordable-housing-in-heart-of-san-jose","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/288880\/","title":{"rendered":"Sobrato Aims for Affordable Housing in Heart of San Jose"},"content":{"rendered":"<p>A surface parking lot in downtown San Jose could give way to nearly 200 apartments in the latest bid to bring more residents into the city\u2019s housing-starved core.<\/p>\n<p><a href=\"https:\/\/therealdeal.com\/san-francisco\/2025\/09\/14\/san-francisco-home-prices-back-to-normal\/\" rel=\"nofollow noopener\" target=\"_blank\">The Sobrato Organization<\/a> and <a href=\"https:\/\/therealdeal.com\/san-francisco\/2024\/06\/12\/pacific-west-and-nonprofit-land-71m-for-san-jose-housing\/\" rel=\"nofollow noopener\" target=\"_blank\">Pacific West Communities<\/a> have filed preliminary plans for a 173-unit housing development on a 1.3-acre parcel at 143 South Third Street, the Mercury News <a href=\"https:\/\/www.mercurynews.com\/2026\/04\/24\/home-san-jose-build-affordable-property-develop-real-estate-economy\/\" rel=\"nofollow noopener\" target=\"_blank\">reported<\/a>. The housing would rise next to the Hammer Theatre Center near the Paseo de San Antonio pedestrian street.\u00a0<\/p>\n<p>The project would be almost entirely affordable with 171 income-restricted units and two market-rate apartments reserved for on-site managers. The proposal leans on <a href=\"https:\/\/therealdeal.com\/la\/2019\/10\/09\/developers-rejoice-newest-state-law-aims-to-boost-housing-production\/\" rel=\"nofollow noopener\" target=\"_blank\">Senate Bill 330<\/a>, the state\u2019s housing law aimed at speeding approvals, particularly for below-market-price projects. Sobrato has owned the 1.3-acre parking lot since roughly 2010 and has long planned to convert the site into high-density housing.<\/p>\n<p>The units will target a range of low-income tenants. Plans call for 17 apartments for extremely low-income households, 17 for very low-income renters and 137 for low-income residents.\u00a0<\/p>\n<p>Those tiers correspond to annual incomes topping out at roughly $42,200 for individuals at the lowest bracket and up to $111,700 for those in the highest eligible band. In Santa Clara County, extremely low-income is categorized as $42,200 for one person and $60,250 for a household of four; very low-income would be $70,350 for one person and $100,450 for a four-person household, while low-income would be $111,700 for one person and $159,500 for a household of four, <a href=\"https:\/\/www.hcd.ca.gov\/sites\/default\/files\/docs\/grants-and-funding\/income-limits-2025.pdf\" rel=\"nofollow noopener\" target=\"_blank\">according<\/a> to the California Department of Housing and Community Development.\u00a0<\/p>\n<p>Sites across San Jose are being <a href=\"https:\/\/therealdeal.com\/san-francisco\/2026\/04\/01\/more-san-jose-school-sites-poised-for-housing\/\" rel=\"nofollow noopener\" target=\"_blank\">designated for housing<\/a> as the city races to tackle rising housing demand and state-mandated construction goals. The city\u2019s <a href=\"https:\/\/www.sanjoseca.gov\/your-government\/departments-offices\/planning-building-code-enforcement\/planning-division\/environmental-planning\/environmental-review\/active-eirs\/2023-2031-housing-element-update-er21-032\" rel=\"nofollow noopener\" target=\"_blank\">housing element<\/a> requires planning for 62,200 new units by 2031. San Jose Mayor <a href=\"https:\/\/therealdeal.com\/la\/2026\/04\/15\/matt-mahans-la-benefactor-strikes-again\/\" rel=\"nofollow noopener\" target=\"_blank\">Matt Mahan<\/a> has made housing a central part of his gubernatorial campaign, outlining a multi-pronged plan to meet housing goals across the state. Of the crowded field of candidates, Mahan is currently polling in the single digits, though he has received <a href=\"https:\/\/therealdeal.com\/la\/2026\/04\/27\/eastdil-ceo-backs-matt-mahan-for-governor\/\" rel=\"nofollow noopener\" target=\"_blank\">support from real estate executives<\/a> across the state.<\/p>\n<p>\u2014 Chris Malone M\u00e9ndez<\/p>\n<p>\tRead more<br \/>\n\t\t\t\t\t\t\t\t<a class=\"BlogrollPost\" href=\"https:\/\/therealdeal.com\/san-francisco\/2026\/03\/05\/post-investment-buys-san-jose-affordable-apartments\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"133\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/Beverly-Hills-buyers-scoop-up-low-income-apartments-in-San-Jose-for-21-above-assessed-value-200x133..jpeg\" class=\"FeaturedImage_image wp-post-image\" alt=\"Post Investment Group CEO Jason Post and 1930 Almaden apartments\" loading=\"lazy\"\/>\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tSan Francisco\t\t\t\t\t\t\t\t<\/p>\n<p>Beverly Hills buyers pay 21% over assessed value for low-income San Jose apartments\u00a0<\/p>\n<p>\t\t\t<\/a><br \/>\n\t\t\t\t\t\t<a class=\"BlogrollPost\" href=\"https:\/\/therealdeal.com\/san-francisco\/2026\/04\/01\/more-san-jose-school-sites-poised-for-housing\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"133\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/More-San-Jose-School-Sites-Poised-for-Housing-200x133.jpg\" class=\"FeaturedImage_image wp-post-image\" alt=\"Alum Rock Union Elementary School District superintendent Sandra Garcia and 2050 Kammerer Avenue\" loading=\"lazy\"\/>\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tSan Francisco\t\t\t\t\t\t\t\t<\/p>\n<p>Another San Jose school site poised for workforce housing for teachers, staff<\/p>\n<p>\t\t\t<\/a><br \/>\n\t\t\t\t\t\t<a class=\"BlogrollPost\" href=\"https:\/\/therealdeal.com\/san-francisco\/2026\/03\/23\/condos-planned-for-san-jose-school-baseball-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"200\" height=\"133\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/Condos-Planned-for-San-Jose-School-Baseball-Fields-200x133.jpg\" class=\"FeaturedImage_image wp-post-image\" alt=\"Mana Investments founder Orville Power and 5670 Camden Avenue\" loading=\"lazy\"\/>\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tResidential\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t\t\t\t\t\tSan Francisco\t\t\t\t\t\t\t\t<\/p>\n<p>Hey, batter: San Jose school, Little League fields poised to become condos<\/p>\n<p>\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A surface parking lot in downtown San Jose could give way to nearly 200 apartments in the latest&hellip;\n","protected":false},"author":2,"featured_media":288881,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[88,102891,90,89],"class_list":["post-288880","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-san-jose","tag-san-jose-affordable-housing","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/288880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=288880"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/288880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/288881"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=288880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=288880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=288880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}