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!

RSVP
Mountain View city council meeting 2-13-18
February 13, 2018

Mountain View City Council Raises Inclusionary Zoning Percentage to 15%

Share:

Mountain View city council meeting 2-13-18

In a win for affordable housing in Mountain View, the City Council voted unanimously on February 13 to strengthen its Below Market Rate (BMR) Program for rental units—often referred to as inclusionary zoning.

With this vote the council reactivated its rental program, increased the percentage requirement for affordable housing to 15%, modified the Rental In-Lieu Fee (now set at $34.57 per sq ft, adjusted annually by the CPI), and added a flexible alternative mitigation option.

The amended ordinance will have its second reading on February 27 and will go into effect 60 days later.

Unfortunately, the city council failed to expand the BMR program for for-sale developments, which remains at 10%.

Instead, a phase two discussion of the BMR program was promised, in which a proposal to raise the For-Sale In-Lieu Fee from its current rate of 3% of sales price would be considered.