2016 Measure A Housing Bond
I’m extremely thankful for the funds that built this home. Without it, I wouldn’t be able to experience the life of a family man and enjoy life, waking up in a home, and be a better version of myself.
Raymond Padilla, a resident at Crossings on Monterey, one of the first affordable housing projects approved under Measure A
In 2016, Destination: Home helped lead a broad coalition of elected officials, affordable housing advocates and community organizations to champion a countywide $950 million affordable housing bond. Thanks to this extensive community-wide effort, the bond measure (titled Measure A on the Nov. 2016 ballot) was approved with just over the required ⅔ voter threshold.
Importantly, $700 million of the Measure A bond was dedicated towards housing for residents at the lowest income levels, and the County of Santa Clara’s subsequent NOFA guidelines require that developments include a minimum percentage of ELI (Extremely Low Income) and/or Supportive Housing units in order to qualify for funding. Read more about County of Santa Clara’s Measure A Affordable Housing Bond Program
Since its passage, Measure A has served as a major catalyst of affordable housing for our lowest-income residents – not only surpassing its goal of developing 4,800 new affordable apartments by 38% but also contributing to a broader partnership with other housing development partners to ramp up the production of deeply affordable housing.