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Updates for Developers 

Multifamily Preservation Transaction Application

All owners and developers requesting City discretionary approvals regarding multifamily projects with existing City financing and/or restrictions are required to submit the Application.

The City encourages developers to submit the fully completed Application as early as possible, so that the transaction may be prioritized.  For example, if you are applying to TCAC or CDLAC with assumptions about City Loan terms or Bond Issuance, we strongly recommend submitting this application to the City at a minimum [6 months] before your proposed transaction.

San José's Multifamily Underwriting Policies and Guidelines were approved on Tuesday, August 28, 2018, and include the following:   

In addition, the Housing Department has developed the City of San Jose Proforma for the analysis and underwriting of affordable housing development.


Notice of Funding Availability (NOFA) - Gap financing for new construction of affordable housing:
Addendum to the NOFA application package - October 5, 2018 
NOFA application package through Bidsync

  • Exhibit A - Application Form
  • Exhibit B - City of San José Underwriting Guidelines
  • Exhibit C - Checklist
  • Exhibit D - City of San José Proforma
  • Exhibit E - Housing Department Funding Sources

  • For more information, select the topics along the left toolbar or contact Kemit Mawakana at 408-535-3851.