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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!
Michael Lane, Deputy Director, SV@Home weighs in on the Bay Area Housing “Catastrophe” and how we got to the point of extreme inequity. Check out the video featured in Soledad O’Brien’s Matter of Fact: State of Inequality
Californians struggle with some of the highest home prices in the country with a median price that tops half a million dollars. Special Contributor Joie Chen talked to people who are barely getting by in the Bay area.
See the original story on Matter of Fact