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
Share:

Earlier last week, a majority of the Mountain View council expressed support for allowing flexibility regarding ways to meet a 20 percent affordable housing goal during a study session on land use policy issues in the East Whisman Precise Plan Area.

The council has set a vision to build 5,000 new homes and 1.7 to 2.3 million square feet of office space in the 368-acre plan area with a goal of transforming East Whisman into a complete, mixed-income community.

As a next step, staff will study options that reflect this desired flexibility, while maintaining a structure to achieve the 20 percent goal.

The council also expressed support for the concept of a jobs/housing linkage strategy to ensure that office growth does not outstrip housing growth. What such a strategy will entail is still unclear.

In contrast to the North Bayshore Precise Plan approach, a more flexible strategy that would allow office space to begin construction in advance of housing is being considered with additional requirements placed on the office developer to ensure that the housing is ultimately built.

These requirements could include options like land dedication or transfer of development rights.

In our letter to council, we expressed excitement that the City is thinking through the jobs/housing linkage question and considering ways to benefit from greater flexibility. SV@Home believes that a jobs/housing linkage strategy is a critical tool for creating more affordability in the plan area by significantly increasing the number of affordable homes and creating more deeply affordable homes.