Cap-and-Trade Affordable Housing Breaks Ground in San Jose
Cap-and-Trade Dollars at Work by
First Affordable Housing & Sustainable Communities Funded Development in Silicon Valley Breaks Ground
The groundbreaking this week of Laurel Grove Apartments demonstrates the triple bottom line benefits that California’s Global Warming Solutions Act (AB32) is now bringing to communities across California.
When completed, Laurel Grove will provide a home for 81 low-income working families right next to San Jose’s Diridon Transit Center.
Developments like this illustrate how Cap-and-Trade funding can be used to provide much needed homes while reducing greenhouse gas emissions, underscoring the Legislature’s actions this week to extend AB32’s mandate to reduce greenhouse gases from 2020 to 2030.
The California Housing Partnership joins the Housing Authority of the County of Santa Clara (HACSC) in celebrating this important milestone.
For more information about the California Housing Partnership,
please visit our website at www.chpc.net.