On Tuesday, Housing Director Jacky Morales-Ferrand brought forward a report to the City Council highlighting that the City has completed 325 new and newly-affordable apartments in five developments – including 86 homes for homeless individuals – and has approved $46.6 million in funding for an additional seven developments that will offer approximately 526 affordable homes, including at least 386 for ELI vulnerable and homeless individuals. The not so good news – “the scarcity of City funds available for new affordable apartments makes it impossible for the City to fund additional affordable homes in San Jose beyond the projects identified in this Plan.” This raises concerns about the availability of funding to leverage Measure A dollars in the coming year. Check out the full report here.
Mayor Sam Liccardo and Councilmember Don Rocha requested that the Housing Department come back with additional information on a number of issues, including plans for moderate income housing creation and detail about Measure A implementation. We will keep you informed as this information is completed and presented. Here is their memo.
Photo: Steven Christenson via Flickr