The Core Companies’ Santa Clara Agrihood Affordable Housing Project Approved

Core Companies, Santa Clara, Agrihood, California Debt Limit Allocation Committee, Silicon Valley, Westfield Valley Fair, San Jose, Bay Area Research and Extension Center

Santa Clara, CA – The Santa Clara City Council last night approved the innovative Agrihood project by developer The Core Companies. The Agrihood is the valley’s first-of-its-kind urban farm community, connecting contemporary urban living and affordable housing with Santa Clara’s agricultural past.

The Agrihood is the city’s largest affordable housing development in the pipeline. The project – a unique public-private partnership with the City of Santa Clara – will house people of all incomes side-by-side, and includes a dedicated below-market rate component for seniors 62 years-old and over, as well as senior veterans and others struggling to stay in Santa Clara.
Santa Clara Sustainable will deliver 361 new homes, 181 of which will be below market rate. Of these 181 homes, 160 will be set aside for low-income seniors. The project will additionally feature a 1.7-acre urban farm and community retail and open space.

Vince Cantore, Senior Development Manager with The Core Companies explains, “This project was borne out of a dire need to bring affordable housing through a truly creative, community-driven process. The Core Companies has kept this mission and urgency at the center of its work and dialogue with the city and community stakeholders.“ Added Mr. Cantore, “Santa Clara’s seniors have already waited more than a decade for housing at this site. An available below-market home for a senior can be the differentiator between a comfortable, safe environment in which to spend one’s golden years, or an extended period of financial stress and uncertainty.”

Located across the street from Westfield Valley Fair near the San Jose border, on the former UC Davis agricultural research and development site known as the Bay Area Research and Extension Center (BAREC), the urban farm, community retail and open space will be an intergenerational gathering place for the whole community. The farm will distinguish the project and Santa Clara in an often-repetitive Bay Area development climate while providing healthy sustenance and new outdoor recreational and educational resources to residents and neighbors alike.

The project as approved is the result of a years-long place-making conversation with the community. The Core Companies was selected as the master developer through the city’s RFP process in April 2015. Since that time, the team has met with dozens of interested neighbors, community leaders, and public officials, and held numerous large public meetings where attendees were invited to participate in design and programming charrettes, provide feedback to site plans, and ask questions of the project team and architects.

Agrihood is designed by Steinberg Hart Architects in collaboration with CMG Landscape Architecture. Construction is expected to begin in 2020.

About The Core Companies

The Core Companies is a real estate development and construction firm, which was established in 1989. Core harnesses specialized expertise in the design and financing of urban infill residential development to meet often unaddressed housing needs for populations at risk of displacement including very low-income individuals, artists, people with special needs, seniors, and formerly-homeless veterans.

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