Shangri-La Construction took loans against state-funded housing projects, moved money into other bank accounts and left projects unfinished.
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San José Awarded $19.9M to Buy Former Motel for Housing Homeless
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Newsom Announces $694 Million for More Than 2,500 New Homeless Housing Units
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San José City Council OKs New ‘Quick-Build’ Housing, Hotel Conversions
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State Awards City of San Jose $54.8M for Affordable Housing Construction
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San José to Receive $25.2 Million Homekey Grant to Buy Arena Hotel
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State Grants to Aid Conversion of Hotel for the Homeless in Mountain View
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Santa Clara County will receive $16.7 million to buy and convert the Crestview Hotel in Mountain View into 48 housing units for chronically homeless residents, homeless youth and young people at risk of becoming homeless. The county has already approved spending roughly $23 million on the project in addition to the state funding, which means each apartment unit will cost approximately $827,000.
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