Following four years of negotiations concerning Google and San Jose, the tech huge and the Silicon Valley city have announced a advancement system for Google’s new transit-oriented campus close to downtown. The system features $200 million in funding for affordable housing and protecting against displacement. The Google local community benefits offer features $150 million for a variety of social plans aimed at preserving very affordable housing, preventing homelessness and other housing-associated objectives.
The proposed campus, identified as Downtown West, will include 15 acres of open up space, 4,000 new residences and 600 models allotted for cost-effective housing.
Google’s gains bundle also contains “opportunity grants,” which would provide college or university scholarships, occupation exploration for middle and higher faculty college students and aid for tiny business and entrepreneurship in the metropolis.
“Google gets it, they’ve read the group,” Mayor Sam Liccardo said Tuesday. “They’re eager to answer to the desires of the neighborhood and we search ahead to this partnership.”
Given that 2018, when metropolis officials accredited the $110 million sale of public land for Google’s expanded campus, local housing advocates have been vocal about their concern more than the development’s likely impression on the city’s currently minimal housing affordability.