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Bond and Tax Credit Funding
Multifamily Revenue Bonds

All bonds for multifamily projects must be issued in accordance with the City's Multifamily Bond Issuance Policy.  It is the City's strong preference to be the issuer for all multifamily revenue bonds issued for projects located within the City of San Jose.   As issuer, the City is responsible for ensuring that the location and composition of proposed projects meet the goals and objectives of the City.  The Housing Department also ensures that the bond amount requested is appropriate for the construction of the development.

Tax Credit Financing

The City of San Jose is responsible for reviewing all tax credit funding applications for projects located within the City of San Jose.  The City is authorized to assess a $1,000 fee to offset the cost of providing this review.  Information on the Local Reviewing Agency role and current forms can be found at the California Tax Credit Allocation Committee website.

All questions pertaining to local reviews for TCAC applications, logistics of new bond issuances, or other new tax credit and/or bond transactions should be directed to the Project Development Team: 

Orlando Reyes-Rodas 408-975-4472
Shawnte Spears 408-975-4465

Bond Monitoring

The City also ensures that projects funded with City-issued bonds meet their City and CDLAC requirements for providing affordable housing.  All questions pertaining to bond monitoring--or on transactions involving the payoff of City-issued bonds,
refinancing, resyndication of bonds/tax credits on existing affordable housing developments--should be directed to the Transactions and Project Development team: 

Orlando Reyes-Rodas 408-975-4472
Shawnte Spears 408-975-4465