Mainline North is an example of The Pinyon Group’s ability to creatively apply its expertise in the financing and delivery of affordable housing.
Mainline North is a 150-unit multifamily development consisting of 100% deed restricted affordable/workforce housing units. The project is part of Tasman East, a master-planned mixed-use community that will eventually contain 4,500 dwelling units and 100,000 SF of retail and creative uses with seven acres of public open space, walking paths and a diverse collection of public plazas and parks integrated within a collection of new construction and adaptive reuse projects.
The project is being financed with tax credits, tax exempt bonds, a joint investment from Tasman East’s master developers—and is one of the first developments to receive financing from Google’s $1 billion local housing initiative through Housing Trust Silicon Valley.
The Pinyon Group sourced the opportunity, structured and negotiated an innovative Affordable Housing Agreement with the City and the land seller, and is developing and constructing the project in a joint venture with USA Properties Fund, Inc., and through a Public-Private Partnership with the City of Santa Clara.
