A $450 million bond referendum will come before San Jose voters this November. Mayor Sam Liccardo promises it is "a necessary but not sufficient tool" to provide stable housing at an epicenter of the housing crisis.
Following the 2016 approval of a $950 million bond to address the housing crisis in Santa Clara County, the voters of San Jose will be asked to approve another $450 million this year. The bond will direct money "to affordable housing production and preservation at three different income levels, promising to create up to 3,550 units of new affordable housing in the city," Jared Brey writes.
San Jose's mayor Sam Liccardo characterizes the bond as "a necessary but not sufficient tool" to deal with the city's severe lack of affordable housing options. "Last October, Liccardo released a 15-point housing plan with the goal of creating 25,000 new homes in San Jose over the next five years, of which 10,000 would be affordable units." The bond is estimated to cost San Jose property owners 8 cents per $1,000 of assessed value, and will require approval by two thirds of voters.
The city is also working to create a separate fund to attract low-return, safe investments in housing for the middle class, a so-called "missing middle" fund. Such an instrument would pair private and philanthropic investment with a small subsidy from the city, but so far no outside money has been committed.
FULL STORY: The ‘Capital of Silicon Valley’ Wants to Borrow $450 Million for Housing
California's Housing Crisis—No End in Sight
This past year looked promising in terms of opportunities to tackle the state’s housing woes. But most measures failed and the problem is just growing.
California Getting Way More New Jobs Than New Housing
Even with tons of building permits already issued this year, the outlook for the state’s affordability crisis is pretty grim.
A Proposal to Plan Regionally in the Silicon Valley
Could development fights in the home of the biggest tech companies be avoided if cities just talked to each other?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Seattle's Plan for Adopting Driverless Cars
Equity, safety, accessibility and affordability are front of mind as the city prepares for robotaxis and other autonomous vehicles.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)