by TRD Staff

Pacific West Communities and Central Valley Coalition for Affordable Housing have landed a $70.9 million construction loan to build a 240-unit affordable housing complex in San Jose. An unidentified affiliate of the Idaho-based builder and nonprofit developer based in Merced secured the loan to construct the six-story complex at 4300 and 4310 Monterey Road, in Downtown, the San Jose Mercury News reported. It would replace a vacant lot.