Construction has started on a new 160-unit affordable housing complex at 525 North Capitol Avenue in San Jose's Alum Rock area. Known as The Fielden, this five-story development replaces earlier plans for an office building. The project, led by Community Development Partners, marks their first venture in San Jose and stands as their most expensive to date, with a total cost of $123 million. Funding comes from multiple sources, including $8 million from Santa Clara County through the Measure A Affordable Housing Bond and a $26 million loan from the city of San Jose, which owns the site.
The Fielden will feature a variety of studios, one-bedroom, two-bedroom, and three-bedroom apartments spread across a one-acre lot, totaling about 42,000 square feet. Among these, 52 units are set aside for individuals who have experienced chronic homelessness, homeless veterans, or those with disabilities, emphasizing support for vulnerable community members. Its location offers convenient access to the VTA light rail, making it easier for residents to connect with jobs, services, and other parts of the city. Completion is slated for June 2027, promising to add much-needed housing options in a growing urban landscape.
Community Development Partners is exploring a collaboration with local nonprofit Veggielution, which could involve a shared kitchen space in the building to promote community activities around food and farming. This initiative aligns with San Jose's efforts to build smarter and more inclusively, focusing on vertical growth to accommodate more people without sprawling into surrounding natural areas.
Source: SVBJ
