An affordable housing group is celebrating its biggest win to date after San Jose officials approved the permanent preservation of 18 homes. The South Bay Community Land Trust has spent nearly two years engaging with residents, city leaders and the landlords at 1718, 1724 and 1730 Virginia Ave. in an effort to purchase the apartments and retain their affordability for renters on very low incomes. The land trust calculated the site’s purchase price and improvement costs to be $11 million. After securing a $5 million loan from the city, as well as additional funding from groups like Bay Area Housing…
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