Getting Inclusionary Housing Right

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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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Silicon Valley at Home's Outreach Manager David Meyer spoke with KRON 4 reporter Rob Fladeboe about Cupertino's decision to allow the redevelopment of Vallco mall to proceed under Senate Bill (SB) 35.
June 26, 2018

KRON 4 News: Vallco Mall housing project moves ahead

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KRON 4 reporter Rob Fladeboe interviewed SV@Home Outreach Manager David Meyer on June 26 about the City of Cupertino’s decision to allow Sandhill Properties to move ahead with the redevelopment of the defunct Vallco mall under the auspices of Senate Bill (SB) 35.

SB 35 streamlines the residential development process in local communities on the condition that half (50%) of the new homes built are designated as affordable.

See the original story at KRON 4.

Vallco Mall housing project moves ahead

By Rob Fladeboe

CUPERTINO (KRON) – A plan to revive the all but shuttered Vallco Mall in Cupertino is a step closer to reality.

Not only that — the project is seen as a kind of test case for legislation designed to help ease the Bay Area’s housing crunch.

Built in the 70’s and once a marquis destination for Silicon Valley shoppers, the sprawling Vallco Shopping Mall is now home to just a handful of businesses, its glory days long since gone.

But now, owner Sandhill Properties is proposing a massive housing project with 1.8 million square feet of office space and 400,000 square feet of retail.

The project would include 2,400 housing units, 50 percent of which would be considered affordable housing.

On Monday, Cupertino notified the developer that the project appears to qualify for consideration under SB-35.

Written by Senator Scott Weiner, SB-35 requires California cities to fast-track certain residential and mixed use projects.

Critics of the project worry about the impact on traffic, but affordable housing advocates like Silicon Valley At Home are delighted.

“That’s really what SB-35 was designed to do, designed to help provide tools to actually get housing built in places where there are processes and delays and we hope this project in Cupertino will serve as an example for other projects that are interested in getting this kind of housing built to address the hosing crisis,” said David Meyer with Silicon Valley At Home.

Final approval of the plan could come by late September.

At the same time, the city is considering a couple of other plans that are not impacted by SB-35.