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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CA Senate District 13 Candidates

Date: January 15, 2019

Time: 6pm-8pm

Location: Silicon Valley Community Foundation – Large Conference Room (2440 W El Camino Real #300, Mountain View, CA 94040)

Co-Sponsored: SV@Home Action Fund, Tech Equity Collaborative, Silicon Valley Council of Non Profits (SVCN!), California YIMBY, Silicon Valley Community Foundation, and HCLSMC

Registration will open 2 weeks prior to event since space will be limited.

Voters throughout the Bay Area have consistently ranked the cost of housing as a top concern. Over 8 in 10 believe the cost of housing is an extremely serious problem in what some have called a “crisis.”

In Silicon Valley, one would need an hourly wage of $54 for a two-bedroom apartment yet the mean hourly wage is about $38. Consequently, more and more residents find themselves priced out of the neighborhoods they have come to call home.

Simultaneously, the Bay Area has experienced a significant jobs-to-housing imbalance. Since 2010, the Bay Area has added 722,000 jobs but constructed only about 106,000 housing units. This subsequently has meant residents are traveling outside of the Bay Area for work contributing to traffic congestion.

In order to address the housing affordability crisis in Silicon Valley, and across the Bay Area, bold leadership is required. As such, SV@Home’s Action Fund in partnership with Tech Equity Collaborative, CA YIMBY, and Silicon Valley Council of Nonprofits will host a series of nonpartisan candidate forums featuring candidates for San Jose City Council, Santa Clara County Board of Supervisors, and California State Senate and Assembly districts.

The intent is to provide the space and opportunity to inform voters about the challenges confronting the Production, Preservation and Protection of housing affordability locally, regionally, and across the state. It will also be an opportunity for candidates for city council, Board of Supervisors and state Senate and Assembly to share their vision and goals for making a Silicon Valley a home for all – and for voters to make a candidate choice before casting their vote.

When:
January 29th
6:00PM - 8:00PM
Where:
Silicon Valley Community Foundation - Large Conference Room

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