City Ventures Launches Limited Affordable Homes at Pinnacle, Milpitas
City Ventures, a prominent name in sustainable homebuilding across California, has unveiled a significant step toward addressing the region’s ongoing housing affordability crisis. Through a strategic partnership with the City of Milpitas, the developer is offering a limited selection of affordable homes at Pinnacle, its newest eco-friendly townhome community. This initiative is specifically designed to assist moderate-income, first-time homebuyers in gaining a foothold in one of Silicon Valley’s most competitive real estate markets.
This collaboration highlights a broader movement toward more inclusive and sustainable housing solutions in California. Known for its commitment to environmentally responsible construction and energy-efficient design, City Ventures is leveraging its expertise to make homeownership more attainable—especially for those who have historically been priced out of high-demand areas like Milpitas.
“We’re incredibly proud to partner with the City of Milpitas to bring more choices and possibilities for first-time buyers who are looking to put down roots,” said Natasha Zabaneh, President of City Ventures. “This opportunity is a reflection of our commitment to create strong, inclusive communities––not just in Milpitas, but throughout California.”
A Rare Opportunity in a Red-Hot Market
Located in the heart of Silicon Valley, Milpitas has become a highly desirable place to live due to its excellent schools, accessibility to tech hubs, and abundant amenities. However, this desirability has come at a cost—literally. According to data from Redfin, the median home price in Milpitas reached over $1.6 million in June 2025. The supply of homes remains tight, with just 1.1 months of inventory available, and nearly 60% of properties selling for above asking price. The average time a listing stays on the market is just 18 days.
Against this backdrop, City Ventures’ Below Market Rate (BMR) program at Pinnacle stands out as a game-changing opportunity for qualified buyers. The program includes ten townhomes reserved specifically for moderate-income, first-time buyers who meet the city’s eligibility requirements. Of those ten homes, eight have already been sold—highlighting the strong demand for such housing solutions.
High-Quality, Sustainable Living at Below Market Prices
City Ventures has integrated its core values of sustainability and smart living into every detail of the BMR homes at Pinnacle. These residences feature two of the community’s most popular floor plans—Plan One and Plan Two—with a strong emphasis on energy efficiency, comfort, and modern convenience.
All homes in the BMR offering include owned solar panels, contributing to reduced utility bills and a lower carbon footprint. Additional features include all-electric construction, energy-efficient appliances, Nest smart thermostats, Ring video doorbells, and keyless entry systems—ensuring that sustainability and safety go hand in hand.
Inside, the homes are thoughtfully designed to combine functionality with stylish aesthetics. Kitchens come equipped with soft-close cabinetry, designer fixtures, quartz or granite countertops, and sleek induction cooktops. These spaces are ideal for home chefs and entertainers alike. Outdoor decks further extend the living space, providing residents with private areas to relax or host guests.
Plan One homes, which are still available through the BMR program, are priced at $707,000 with a manageable monthly HOA fee of $219. Offering approximately 1,064 square feet of living space, this plan includes two bedrooms and two full bathrooms—making it a comfortable and practical choice for singles, couples, or small families. Plan Two homes, which were also part of the program, have already sold out, underscoring the urgency for interested buyers to act quickly.
Selection and Oversight
City Ventures is working closely with the City of Milpitas to ensure the BMR homes are allocated to buyers who genuinely meet the program’s requirements. Eligibility is determined through a joint review process involving city officials and City Ventures’ housing team. Qualified buyers must be first-time homeowners falling within the designated moderate-income bracket as defined by Santa Clara County standards.
This collaborative vetting process ensures that the homes are going to those who need them most—households that have the financial stability to sustain homeownership, but who have been priced out of the area’s high-cost market under normal conditions.
Pinnacle: A Community with Everything at Your Fingertips
Beyond affordability and quality, Pinnacle offers a lifestyle that is hard to match. Its central location in Milpitas places it within minutes of everyday necessities and leisure options. Residents can enjoy proximity to major shopping centers, top-tier restaurants, and a range of outdoor and recreational destinations.
Notably, Pinnacle is near Northern California’s largest indoor outlet shopping center, giving residents convenient access to premium retail experiences. Nature lovers will appreciate nearby Ed R. Levin County Park—a sprawling 1,558-acre area offering hiking trails, picnic spots, and scenic vistas. Additional recreational facilities such as the Milpitas Sports Center, two public golf courses, and over 30 public parks make the area ideal for active lifestyles.
Moreover, the community is strategically positioned near several of Silicon Valley’s largest employers. With easy access to key transit corridors and corporate campuses, professionals working in the tech industry can reduce their commute times while living in a neighborhood that supports work-life balance.
“Buyers love Pinnacle’s highly desirable location, right in the center of everything that matters,” said Zabaneh. “Enjoy endless attractions at your doorstep, top-rated neighborhood schools, and convenient access to world-renowned employers throughout the Silicon Valley.”
A Broader Mission of Housing Equity
City Ventures’ partnership with Milpitas is more than a one-time initiative—it is part of a broader mission to redefine what homeownership looks like in California’s high-demand markets. With a growing portfolio of communities that integrate environmental responsibility, affordability, and thoughtful design, the company is setting a new standard for what it means to build sustainably and inclusively.
Over the years, City Ventures has become synonymous with forward-thinking development. From solar-powered townhomes to walkable neighborhoods and integrated smart technologies, the company consistently prioritizes solutions that meet both environmental and social needs.
In Milpitas, this ethos is being realized in tangible ways. By offering BMR homes that do not compromise on quality or sustainability, City Ventures is helping moderate-income households take meaningful steps toward long-term financial stability and community participation.
As the demand for affordable housing continues to surge across the Bay Area, programs like the one at Pinnacle serve as vital models for what is possible when municipalities and private developers work hand-in-hand. The success of the initial BMR offerings at Pinnacle—most of which sold even before model homes officially opened—demonstrates both the need and appetite for high-quality, affordable housing.
City Ventures’ commitment to expanding these offerings in Milpitas and beyond is a hopeful sign in a challenging market landscape. For eligible buyers seeking to plant roots in a thriving, innovative, and inclusive community, the opportunity at Pinnacle may be the first step toward a brighter future.
