06/06/2023
For 40 years, developer The Core Companies has focused on creating affordable housing for a broad range of community needs. Over the years, they have partnered with nonprofits and property management firms to merge senior and low to moderate income (LMI) housing and market-rate rentals with sustainability models to create vibrant new communities in urban locations.
Agrihood, a mixed-use project located near Santana Row in Santa Clara, includes 165 units of affordable senior housing, 160 market-rate apartments, 36 townhomes and an urban farm. This Core Companies project offers a range of affordability levels to meet the housing needs of seniors, senior veterans, and first-time homebuyers, in an innovative setting. Agrihood puts Santa Clara on the map as a leader in smart urban development.
Before Agrihood broke ground in 2021, the project was in the works for 7 years. The process brought numerous government and private sector partnerships together, including the City and County of Santa Clara. Santa Cruz County Bank provided lending and played a vital role in coordinating stakeholders to move the project forward. Chris Neale, President of The Core Companies, says “Santa Cruz County Bank was key in the creation of this project. To make all of this possible took vision, communication, partnership and the ability to identify and coordinate everything needed.”
In recognition of Agrihood, in 2022 The Core Companies was named the Environmental Business of the Year by the Santa Clara County League of Conservation Voters.
This summer, 165 affordable apartments for seniors will become available at Agrihood. Since its inception in 1989, Core has developed more than 580 single-family homes, townhomes and condominiums, as well as 5,400 apartment units, all within the South Bay region.
Chris adds “The Core Companies has always been drawn to community banks for their vision, involvement, role in, and understanding of community building. Santa Cruz County Bank made an exceptionally complex project simple because they understand and help execute our vision. The Bank was key in the creation of this project. Agrihood would not have been possible without SCCB.”
The Core Companies