Consider recommendations relating to real property located at 14859 Los Gatos Boulevard, Los Gatos. (LA)

County of Santa Clara Office of Supportive Housing 127502 DATE: September 15, 2026 TO: Board of Supervisors FROM: Kathryn (KJ) Kaminski, Director, Office of Supportive Housing SUBJECT: North 40 Phase II Affordable Housing Development RECOMMENDED ACTION Consider recommendations relating to real property located at 14859 Los Gatos Boulevard, Los Gatos. (LA) Possible action: a. Approve delegation of authority to the County Executive, or designee, to negotiate, execute, amend, or terminate all legal documents, including but not limited to contracts, loan agreements, deeds of trust, promissory notes, subordination agreements, assignment agreements, estoppels and other related agreements relating to one or more loans, in an amount not to exceed $2,000,000 in connection with the funding to and for the development by Eden Housing, Inc., or affiliate, of 67 new affordable housing units, plus one manager's unit, referred to as North 40 Phase II Affordable Housing Development to be located at 14859 Los Gatos Boulevard, Los Gatos, following approval by County Counsel as to form and legality, and approval by the Office of the County Executive, and subject to Administration review of related...

ATTACHMENT A PROJECT ANALYSIS Application Review: Borrower: Address: North 40 Phase II Affordable To be determined limited partnership 14859 Los Gatos Boulevard, Los Gatos, CA Census Tract: 5068.01 Developer/Sponsor: Residential S.F.: Construction Type: Eden Housing, Inc. 56,275 sq. feet Commercial/Office S.F.: 4 levels Type VA over Ground Level IA Council District: N/A Supervisorial District: 5 N/A North 40 Phase II Affordable Project Summary: North 40 Phase II Affordable is an affordable housing development consisting of 67 units (including one managers’ unit) that will be developed on a 1.25-acre site and is being redeveloped by Eden Housing, Inc (Eden). The proposed development consists of 67 affordable units, comprised of 31 one-bedrooms, 19 two-bedrooms, and 18 threebedrooms. Of the proposed 67 units, 10 will be Rapid Re-Housing (RRH) units for individuals and families experiencing homelessness earning at or below 30% Area Median Income (AMI), 7 will be units for extremely lowincome households earning up to 30% AMI, 24 units will be for very low-income households earning up to 50% AMI, and 26 units will be for low-income households earning up to 60% AMI. There will also be...

RESOLUTION NO. RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA MAKING CALIFORNIA ENVIRONMENTAL QUALITY ACT FINDINGS FOR THE NORTH 40 PHASE II AFFORDABLE PROJECT AT 14859, 14917, AND 14925 LOS GATOS BOULEVARD AND 16392, 16250, 16260, AND 16270 BURTON ROAD, LOS GATOS (APN: 424-07-116, 424-07-009, 424-07-052, 424-07-053, 424-07-081, 424-07-094, 424-07-095, 424-07-115, AND 424-07-116) WHEREAS, the County of Santa Clara, a political subdivision of the State of California, (“County”) proposes to provide loans and enter into other agreements with Eden Housing, Inc. or its affiliates (“Developer”) to support the development of 67 new affordable housing units (plus one manager’s unit) for a project referred to as North 40 Phase II Affordable Housing Development (“Project”) to be located at 14859, 14917, and 14925 Los Gatos Boulevard and 16392, 16250, 16260, and 16270 Burton Road in Los Gatos, California; WHEREAS, pursuant to the California Environmental Quality Act (Public Resources Code Section 21000 ef seg.), together with the State guidelines implementing said Act (14 Cal. Code Regs Section 15000 et seq.) (collectively “CEQA”), the County is a responsible agency...

Community Engagement Report Project Name: North Forty Phase II Affordable Project Address: 00000 D2-5th Street1, Los Gatos, CA Developer Name: Eden Housing Supervisorial District: 5 The North Forty Phase II Affordable is a master-planned community consisting of mixed income residential, retail, public open space and an affordable housing community being developed by Grosvenor – Property Americas with assistance from Eden Housing for the affordable component. Currently known as Building G1, the project is proposed to be developed as a 100 percent affordable housing building with 67 rental units available to lower-income households, in addition to one market rate unit to be reserved for an on-site manager for a total of 68 units. Once developed, the approximate 1.25-acre site will be transferred to Eden Housing for finance, construction, and management of the building and residents. The unit types include one, two, and three bedrooms with dedicated on-site common areas including a meeting room, community room with kitchen, laundry, bike storage, outdoor dining, and a playground. The five-story building is proposed at a maximum height of 62 feet, five inches. Building materials...