{"id":1004149588,"date":"2016-08-04T05:03:50","date_gmt":"2016-08-04T13:03:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149588"},"modified":"2022-03-22T11:02:32","modified_gmt":"2022-03-22T19:02:32","slug":"new-san-jose-affordable-community-now-officially-open","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-san-jose-affordable-community-now-officially-open\/","title":{"rendered":"New San Jose Affordable Community Now Officially Open"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<p><strong>San Jose, Calif.<\/strong>\u2014A new affordable\u00a0housing community was recently unveiled in San Jose by <a href=\"https:\/\/www.roemcorp.com\/\" target=\"_blank\" rel=\"nofollow noopener\">ROEM Corp.<\/a>, a full-service development and construction company based in Santa Clara, Calif. The developer opened the Oak Grove Apartments, an affordable housing project that will cater to low-income families earning less than 60 percent of Santa Clara County&#8217;s median income.<\/p>\n<div id=\"attachment_1004144074\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2016\/08\/Oak-Grove.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004144074\" data-attachment-id=\"1004144074\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/digital-realty-picks-up-euro-portfolio-for-874m\/billstein-ceo-web-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/BillStein-ceo-web-1.png\" data-orig-size=\"166,194\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BillStein-ceo-web (1)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/BillStein-ceo-web-1.png?w=166\" class=\"wp-image-1004144074 size-medium\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2016\/08\/Oak-Grove.jpg\" alt=\"Oak Grove \" width=\"300\" height=\"200\" \/><\/a><p id=\"caption-attachment-1004144074\" class=\"wp-caption-text\">Oak Grove<\/p><\/div>\n<p>Located at 5568 Lexington Ave., the community is part of a master-planned development that is taking shape on the former site of the Hitachi Global Storage Technologies campus. The 295-acre masterplan calls for condo units, rentals, townhomes, parks, as well as a 10-acre park with a baseball field to be built. Resident amenities at Oak Grove will include a community room, computer room, children\u2019s outdoor play area, gym, laundry facility, and outdoor courtyard.<\/p>\n<p>Consisting of a five-story building that wraps around a multi-story, 149-space parking facility, the community was built pursuing LEED Gold certification from the U.S. Green Building Council. Oak Grove is already fully leased and offers environmentally minded features, including water-efficient fixtures, landscaping that uses native species and zero turf, Energy Star appliances, high efficiency windows, as well as a solar PV system.<\/p>\n<p>Financing for the $34 million development project was sourced through Low Income Housing Tax Credits, and tax-exempt bond financing. Additionally, a $17.8 million permanent loan was provided by Citi Community Capital, while Alliant Capital Ltd. also provided some funding. Pacific Housing is a partner in the project designed by Architects Orange and built by contractor ROEM Builders.<\/p>\n<p><em>Image courtesy of ROEM Corp.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The community was built on the bones of the former Hitachi campus, now a large-scale master planned community. <\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,1609,15],"tags":[],"class_list":["post-1004149588","post","type-post","status-publish","format-standard","hentry","category-development","category-latest","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New San Jose Affordable Community Now Officially Open - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-san-jose-affordable-community-now-officially-open\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New San Jose Affordable Community Now Officially Open\" \/>\n<meta property=\"og:description\" content=\"The community was built on the bones of the former Hitachi campus, now a large-scale master planned community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-san-jose-affordable-community-now-officially-open\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-04T13:03:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-22T19:02:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2016\/08\/Oak-Grove.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"New San Jose Affordable Community Now Officially Open\",\"datePublished\":\"2016-08-04T13:03:50+00:00\",\"dateModified\":\"2022-03-22T19:02:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/08\\\/Oak-Grove.jpg\",\"articleSection\":[\"Development\",\"News\",\"San Francisco\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-san-jose-affordable-community-now-officially-open\\\/\",\"name\":\"New San Jose Affordable Community Now Officially Open - 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