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The
Housing Cooperative was built in 1971 and has recently celebrated
it's 30th Year Anniversary and was attend by the Department
of Housing Urban Development Officials, as well as San Jose
City Officials.
Capitol
Manor is comprised of 85 Shareholders who elect a five member
Board of Directors to oversee their coop responsibilities.
The
property has experienced major capitol improvements to the
exterior structures. All 18 buildings have had their roofing
materials, including down spouts and gutters replaced in the
last two years. Handicap ramps have been constructed throughout
the property to enhance the livability of Capitol Manor's
disabled and senior members.
The
parking lots areas throughout the property have been repaired,
repaved and restriped. The playground equipment in both children
areas are newly installed and have been upgraded to current
City Codes.
With
the Boards expertise and their knowledge of finance the property
has been able to fund all of the improvements to date through
retention of HUD's Excess Income Program and Reserve Account
funds. The Board of Directors are hoping to continue this
capitol improvement program to include the installation of
double-paned windows in all units and painting of the exterior
buildings within the next five years.
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