SAN JOSE — A proposed development of affordable homes at a busy train station next to downtown San Jose has landed a crucial chunk of financing through a state bond award.
The first phase of Tamien Station, a transit-oriented residential development, has been awarded $64 million from the California Debt Limit Allocation Committee, according to the project’s developers.
Two veteran real estate developers, The Core Cos. and Republic Urban Properties, have teamed up to develop multiple phases of a residential project that is slated to sprout at 1197 Lick Ave. next to the Tamien train station in San Jose. Tamien Station is served by Caltrain, light rail and buses.
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