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!

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Passed by a landslide of California voters in 1978, Proposition 13 reassessed land values across the state, curbed property taxes to 1% of their assessed value and severely restricted how they could be increased in the future. While this “taxpayer revolt” has benefitted countless landowners, it has also contributed to more than four decades of deleterious impacts. Cities and counties that rely on property tax revenue to fund the services they provide, including K-12 education, have been forced to scramble for dollars elsewhere, such as increased sales taxes, shifting more of the tax burden onto those who are unable to own property. In addition, Prop. 13 continues to contribute to California’s endemic housing crisis by disincentivizing home sales, reducing housing turnover and encouraging valuable parcels of land to remain undeveloped. SPUR recently analyzed the impacts that the initiative has had on one particular city — Oakland — finding disproportionate burden of property tax strangulation on neighborhoods of color, and benefits for whiter communities. Come learn more about how Prop. 13 affects government, education and quality of life in Oakland.

Councilmember Loren Taylor / City of Oakland
Phil Levin / Tax Fairness Project
Jacob Denney/ SPUR
Ben Grieff / Evolve California

When:
September 16th
5:00PM - 6:00PM
Where:
Online Event
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