The Santa Clara Valley Transportation Authority (VTA) has signed a long-term ground lease agreement with Charities Housing, which will build 45 townhomes intended for low-income residents on property next to VTA’s Branham Light Rail Station.
The Branham homeownership project is one of several new housing projects benefiting from a cooperative agreement between VTA and the Santa Clara County Office of Supportive Housing, which manages funds from the 2016 Measure A Affordable Housing Bond.
The homes at Branham station will prioritize affordability, fostering an opportunity for owners to build equity in their own homes. Anticipating that some of the homes will be sold again in future years, the affordable Area Median Income levels will be guaranteed in perpetuity through recorded deed restrictions administered by the Office of Supportive Housing.
VTA announced the agreement to lease the property to Charities Housing at a press conference Thursday, January 30.
“This project is a good example of VTA’s role as a leader in solving problems in our community,” said VTA board chair and Campbell Mayor Sergio Lopez. “Hopefully we are paving the way for future innovations in affordable housing solutions.”
The mission of Charities Housing is to develop, preserve, and manage high quality affordable housing for low-income individuals and their families. The properties we own and manage are the same ones we developed from concept to completion. As we continue to develop unique properties, we explore new green technology aspects of construction to save precious resources and reduce the carbon footprint of a building.
The Santa Clara Valley Transportation Authority, more commonly known simply as the Valley Transportation Authority, is a special district responsible for public transit services, congestion management, specific highway improvement projects, and countywide transportation planning for Santa Clara County, California.
