Affordable homes near San Jose train hub land key state-linked funding

SAN JOSE — A residential project that could produce more than 100 homes near a San Jose train stop is slated to begin construction by mid-2027.

The apartment complex is part of an emerging residential transit village that Republic Urban Properties and Core Cos. have teamed up to develop near Tamien Station, a San Jose transit hub that accommodates Caltrain and light rail lines.

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“We will be moving with a construction start by the second quarter of 2027,” said Michael Van Every, president of San Jose-based Republic Urban, meaning the April-through-June time frame of next year.

The 132-unit residential hub will consist of 131 affordable units and one manager’s unit that would be rented at market rates, documents on file with a state agency that oversees debt allocations for housing projects.

The four-story apartment complex is slated to offer units that would be set aside for tenants who earn 30% to 70% of the area median income.

The Santa Clara County area median income in mid-2026 was $143,850 for one person and $205,500 for a household of four people, according to the state Housing and Community Development Department.

That suggests the income limits for this apartment complex would range from approximately $43,200 to $100,700 for one person and from roughly $61,650 to $143,850 for a household of four people.

The apartment complex will include indoor and outdoor amenity spaces such as a community room, fitness center, laundry room, bike room, synthetic turf area, BBQ islands, climbing elements for children and a courtyard, a state filing shows.

The project’s total cost is expected to be around $98 million.

A total of 555 to 569 homes are expected to be developed at Tamien Station. Republic Urban and San Jose-based Core Cos. have partnered on projects for 15 years, including multiple phases of the Tamien Station neighborhood, Van Every said.

An additional apartment complex is in the works next to the train stop.

“We hope to have a phase three of 135 to 200 units, hopefully sometime in 2028,” Van Every said. “That could be another mixed-income and affordable project.”