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Community Development Trust acquires Almaden 1930 affordable housing property in San Jose

PUBT·07/29/2026 18:18:31
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Community Development Trust acquires Almaden 1930 affordable housing property in San Jose
  • Community Development Trust acquired Almaden 1930 Apartments, an affordable housing community in San Jose, marking its first Bay Area equity investment.
  • Deal extended LIHTC and bond affordability restrictions through 2072, preserving 151 rent-restricted homes for low-income and very low-income families.
  • Financing includes a new Freddie Mac Preservation Rehab loan to support long-term capital needs and property condition.
  • Property serves households at 50% and 60% of AMI, with rents hundreds of dollars below comparable Santa Clara County market levels.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Community Development Trust Inc published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.