In San Mateo County,102,099 renters (13.5% of the county’s total renter population) are Extremely Low Income (with incomes up to 30% of Area Median Income). Of the county’s ELI renter households, 84% are experiencing some degree of rent burden. Not only does the County lack sufficient rental units priced for ELI households, many of these households, particularly people with disabilities and many seniors on fixed incomes, are unable to meet the minimum income requirements to qualify for these units. This significantly increases the risk of homelessness or displacement from the community for these vulnerable populations. Join Housing Choices as we convene a panel of affordable housing finance leaders to discuss strategies for increasing the production of Extremely Low Income housing and to consider what it will take to house those most in need in the new Acutely Low Income category established by AB 1043 (up to 15% of Area Median Income).
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!