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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1265 Montecito, Mountain View

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If approved, 1265 Montecito Ave. will bring a new 100% affordable multifamily development to Mountain View consisting of one 5-story building with 4-stories of 82 residential apartments above a one-story parking structure with common areas. Charities Housing’s project is 0.5 miles from transit making it eligible for a AB 1763 density bonus.

The project is working towards 2022 entitlements with a planned mix of units restricted to families making between 25% to 60% area median income (AMI), including units available for ELI families, veterans, and rapid rehousing. On-site services and amenities will include a Community Room available to the public, gardens and common areas, resident services, private storage, bicycle parking, and a food pantry.

To make this project a reality, the City will need to approve a General Plan Amendment to convert the property from CN to R-4 which involves several meetings open to the public; join SV@Home in telling the City Council that you support this opportunity for new affordable homes in Mountain View!