RiverTown is one of three projects built by the Housing Authority that are designated as the affordable housing component of the Rivermark Master-Planned community at the old Santa Clara Agnews Hospital site. The development plan includes more than 1,800 homes, a new park, elementary school, retail and commercial center, Safeway market, restaurants and more.
Year Completed: 2003
Development Type: New construction
Population Served: Families
Unit Mix: 100 units total (70 two-bedroom units & 30 three-bedroom units)
Total Cost: $22,543,125
Financing: Tax exempt bonds, Union Bank of California
General Contractor: Barry Swenson Builder
Rental Assistance: Tax Credit Property – below market rate rents; tenant-based Vouchers accepted.
2 bedrooms – 20% – $633
2 bedrooms – 35% – $1,166
2 bedrooms – 60% – $2,055
3 bedrooms – 60% – $2,362
Income Requirements: Households must be within the 60% category of the Tax Credit Income Limits.
Amenities/Special Features: On-site Maintenance Manager, Community Room, Coin-operated Laundry Facility, Playground & Basketball Court, Patio or Balcony, Non-Smoking Community, After School Program (Tutoring, Crafts, and Classes).
Pets: No pets are allowed.
Smoking: No smoking is allowed in the apartments, grounds or common areas. Smokers must exit the property to smoke.