Getting Inclusionary Housing Right

JOIN US VIRTUALLY ON FRIDAY, OCTOBER 24TH 12PM

Cities across Santa Clara County are considering this powerful tool to build more new affordable homes without subsidy.

But done wrong it can fall short, or even stop the development of new homes in its tracks. Learn how it works, and how to get it right!

Many of our local cities are joining forces right now in a shared nexus study, the wonky and in-depth analysis that assesses the feasibility of local residential development and the potential for developers of market-rate housing to add a share of affordable homes to their buildings.

If cities require too few affordable homes or affordability that’s too shallow, they leave public benefits on the table. Too much, and developers can’t build any housing at all.

Come hear about local cities that are getting it right: successfully using inclusionary housing policies to achieve mixed-income communities, generate funding to subsidize deeper levels of affordability, and gain valuable land for affordable homes!

RSVP

We are excited to include you as we celebrate the creation of SV@Home, a new start-up venture that will tackle the affordable housing crisis in Santa Clara County.  This new membership-based organization will lead efforts to secure new funding sources, support stronger land use policies, and engage and educate the community about the importance of affordable housing.

Please join us on June 25th to meet our board of directors, our funders, and our executive director, and to learn about our exciting initiatives for our first year. Leadership Board Chair Ron Gonzales, former Mayor of San Jose, will introduce our partners and leaders to share how we got here, and most importantly, where we are going.  Coffee and light refreshments will be served.

A consortium of Housing Trust Silicon Valley, the Silicon Valley Leadership Group, and the Nonprofit Housing Association of Northern California, has been working for over 18 months to give birth to SV@Home.  It is a product of input from stakeholders from across the county, with more voices joining the chorus every day.

Santa Clara’s affordable housing crisis is real.  It takes more than $54 an hour to afford the area’s median apartment rent of $2,825.  The median house price is $879,000.  More than 7,000 people are homeless every night.  We must take action to respond—our quality of life and continued economic success depends on it.