SAN JOSE — PATH Ventures, which specializes in affordable homes, has proposed a residential development that would replace some retail buildings on West San Carlos Street in San Jose.

The new residential development would sprout at the corner of West San Carlos Street and Cleveland Avenue, just east of Interstate 880 and a short distance from Valley Fair mall and Santana Row, according to documents filed with city planners.

“PATH Villas at West San Carlos will be a 94-unit affordable, mixed-income housing development serving families in the West San Carlos Urban Village Plan area,” PATH Ventures stated in documents on file with the city’s planning department.

The proposed development might be able to extend its mission beyond affordable housing by including some of the homeless, PATH Ventures indicated in the planning proposal.

The residences in the affordable development would be built on five parcels with addresses that include 1921 W. San Carlos St., 1927 W. San Carlos St., and 40 Cleveland Ave., the city planning files show.

PATH Villas will also offer a retail component.

“The ground floor commercial/retail space will be accessed through West San Carlos Street, while the residential component of the project will have access on Cleveland Avenue,” PATH Ventures said. The filing from PATH Ventures is a preliminary proposal crafted to gauge the sentiment at City Hall regarding the development.

More investors and developers have begun to claim stakes along and near West San Carlos Street, which connects the footprint of a transit village in downtown San Jose that Google has proposed and the Westfield Valley Fair and Santana Row malls.

“The San Carlos Street corridor from Valley Fair to the Diridon Station area is prime for redevelopment,” said Bob Staedler, principal executive with Silicon Valley Synergy, a land-use consultancy. “This mixed-use project would provide desperately needed housing for San Jose.”

At present, the parcels that would provide the land for the housing development are owned by an affiliate managed by Shixia Yang, a San Jose resident, state business records show.

“The owner has been putting together the properties at this site,” said Tom Hui, a vice president with Milpitas-based GD Commercial, a real estate firm that has been representing the current property owner.

The group that owns the site spent about $4.2 million to buy the properties in a land assembly that took place in 2017 and 2018, Santa Clara County real estate records show.

If the project is built, PATH Ventures envisions an array of services to assist people who are attempting to combat homelessness.

“Community spaces for programming on the first and second floor include a community room, computer lab, case management rooms, and a room for supportive services,” PATH Ventures stated in the city documents.

More than 50% of the homes will be two-bedroom or three-bedroom units. The project overall will offer rents that can be afforded by people who earn 30% to 80% of the region’s median income, according to PATH Ventures.

“This community will address our multifaceted housing crisis,” PATH Ventures stated in the city documents.