{"id":433315,"date":"2026-08-15T01:10:10","date_gmt":"2026-08-15T01:10:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/433315\/"},"modified":"2026-08-15T01:10:10","modified_gmt":"2026-08-15T01:10:10","slug":"affordable-townhomes-planned-for-east-san-jose","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/433315\/","title":{"rendered":"Affordable townhomes planned for East San Jose"},"content":{"rendered":"

A new East San Jose housing development is providing homeownership pathways for working families.<\/p>\n

For a place with a reputation as the least affordable city in the world<\/a>\u00a0to buy a home,\u00a0AlphaX RE Capital is making housing affordable<\/a> by providing below-market-rate townhomes for income-qualified households. The Kirk, an 18-home community at 125 Kirk Ave., offers interest-rate incentives for qualified first-time homebuyers. Some townhomes will be available as early as this October, and construction is planned to be completed in February 2027.<\/p>\n

Two three-bedroom townhomes are going to be deeply discounted at below-market rates and sold for approximately $300,000, according to Ruby Huo, director of development for Alpha X RE Capital. Homes range from $1.18 million to $1.3 million, with most of the complex consisting of four-bedroom, two-and-a-half-bath homes ranging from 1,481 to 1,909 square feet.<\/p>\n

Homeowners can receive a $50,000 credit and interest rates from 3.99% to 6% for three of the townhomes, according to AlphaX.<\/p>\n

\u201cWe think East San Jose has a lot of potential,\u201d Stephanie Yi, CEO and founder of AlphaX RE Capital\/AL Homes, told San Jos\u00e9 Spotlight. \u201cThe land here is more affordable. That\u2019s why we can bring the home price down. San Jose definitely needs homes from a different pricing point. It\u2019s important for families to be able to afford a decent house like this.\u201d<\/p>\n

Located across the street from Linda Vista Elementary School, the development offers teachers and staff affordable housing, Yi said. For teachers, engineers, nurses, small business owners and families, owning a home has become increasingly difficult, she said, and AlphaX wants to change that.<\/p>\n

\u201cWe bring together investment, development, engineering, construction, financing, sales and technologies to do one thing: get more homes built,\u201d she said. \u201cWe have to work together. We have to think differently. We have to have the courage to try.\u201d<\/p>\n

San Jose Mayor Matt Mahan said the 18 homes represent 18 opportunities for San Jose families to achieve the American dream in Silicon Valley.<\/p>\n

Andres Quintero, board vice president for the Alum Rock Union School District, said the project aligns with the district\u2019s plan to build workforce housing<\/a>. Quintero added that the district appreciates the San Jose City Council streamlining the process.<\/p>\n

\u201c(Affordable housing<\/a>) is a human-made crisis. Humans should be able to resolve it by building more housing,\u201d he told San Jos\u00e9 Spotlight.\u00a0<\/p>\n

\"In-line <\/a><\/p>\n

Developments like this are a game changer for the East San Jose community, District 5 Councilmember Peter Ortiz said. He\u00a0 appreciates AlphaX prioritizing East San Jose residents who have been forgotten.<\/p>\n

He said if development investment isn\u2019t made in East San Jose, the city won\u2019t have funds for parks, street repairs and services.<\/p>\n

\u201cFor years, people have not seen East San Jose as a viable place for making investments,\u201d he told San Jos\u00e9 Spotlight. \u201cI\u2019m really grateful for organizations like AlphaX who are mostly made up of women of color. They see East San Jose as a way to invest and bring in new homeowners \u2026 not just to rent, but actually at affordable prices to own.\u201d<\/p>\n

Ortiz said due to increasing housing costs, many East Side residents wonder if they can afford to stay in the community.<\/p>\n

\u201cOur neighborhoods deserve quality housing, thoughtful investment and opportunities for our families to build generational wealth right here in the neighborhoods they love,\u201d he said.<\/p>\n

Contact Lorraine Gabbert at [email\u00a0protected]<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A new East San Jose housing development is providing homeownership pathways for working families. For a place with…\n","protected":false},"author":2,"featured_media":433316,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[380,7031,712,88,90,89],"class_list":["post-433315","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-affordable-housing","tag-alum-rock-union-school-district","tag-centerpiece","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/433315","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=433315"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/433315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/433316"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=433315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=433315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=433315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}