Affordable Housing Unit Purchase and Resale Strategy
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
- 1
- 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 (1)
Related development
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