NeighborhoodLIFT aims to boost home ownership by providing $25,000 in down payment assistance to 359 eligible homebuyers.

The agreement does not eliminate debt for California homeowners. Instead, it gives them a 90-day grace period.

If approved, the project slated for an eight-acre site in the heart of the city would break ground later this year and finish up by 2026.

Three years after voters approved the $950 million affordable housing bond, the first project funded by the initiative is finally finished.

San Jose and Santa Clara County join a growing movement to wean local governments off Wall Street by creating publicly owned banks.

San Jose will consider revising the social responsibility clause in its investment policy for the first time since the Great Recession.