Santa Clara Valley Transportation Authority: employee housing: transit-oriented joint development projects.

Summary

The bill lets the Santa Clara Valley Transportation Authority buy or lease land and build rental or for‑sale homes for VTA workers within half a mile of a transit facility. The housing must stay affordable to low‑ and moderate‑income households for 55 years for rentals and 45 years for for‑sale units. It also permits VTA to receive grants, loans or other assistance from any public agency to finance these projects.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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