VTA Milpitas BART Station Affordable Housing Development

Deal value: $48,000,000

Santa Clara Valley Transportation Authority (VTA) partnered with MidPen Housing to develop 180 affordable housing units and 20,000 sq ft retail adjacent to Milpitas BART station, leveraging VTA land for mixed-income housing.

The core motivation is to address the acute affordable housing shortage in Santa Clara County by leveraging underutilized public land adjacent to major transit infrastructure. The strategic purpose is to create mixed-income, transit-oriented communities that increase transit ridership, reduce greenhouse gas emissions, and support regional economic vitality. This investment is timely due to escalating housing costs, policy mandates for affordable housing near transit, and the need to boost transit agency revenues post-pandemic.