Affordable Housing Unit Purchase and Resale Strategy
Milpitas
Summary
The city intervened to purchase an unsold affordable townhouse at 2001 Tarob Court after the developer could not find an eligible moderate-income buyer. Council members directed staff to prioritize low-income households for the home's eventual resale.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jan 13, 2026.
Impact analysis
Requires allocating up to $800,000 from the affordable housing fund, most of which will be recovered upon eventual resale.
Low-income prospective home buyers seeking ownership opportunities in Milpitas.
None directly, though city housing funds will be temporarily tied up in the asset.
Mentions & discussions (2)
New 75-unit affordable housing community planned for Milpitas
A 75-unit affordable housing community is coming to Milpitas, at 1397 California Circle. A Waterford Property Community project, the undertaking is being financed by way of 4% low-income tax credits along with private activity bonds. Families earning between 30 and 70 percent of the Area Median Income (AMI) will be eligible to live there. In...
City Council - Jan 13, 2026
The city intervened to purchase an unsold affordable townhouse at 2001 Tarob Court after the developer could not find an eligible moderate-income buyer. Council members directed staff to prioritize low-income households for the home's eventual resale.
Related development
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Milpitas
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.