Developer PulteGroup is a likely suitor for the property, and while the city’s conversion ordinance from 1986 provides for fair compensation to homeowners, 38 percent of the residents are at or below the federal poverty level. MHProNews.com has learned single-bedroom apartments in San Jose on average rent for $1,825 a month. Leslye Corsiglia, director of the city’s housing department, says, “It’s a hard situation. This is private property, but the community also has to balance the need for lower-income housing opportunities. It’s a challenge because Silicon Valley is just drastically underhoused. That’s why our rents are so high and why we have such traffic problems. And it’s only going to get worse.” ##
(Photo credit: Karl Mondon/Bay Area Media Group–Winchester Ranch, San Jose, Calif.)