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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!
San Jose just released their Draft Housing Element, a housing plan that would help create the conditions for building tens of thousands of new homes in the next eight years, including homes affordable to residents of all incomes. Listen in to The Podlight poscast, as Mathew Reed, Director of Policy for SV@Home, and Sandy Perry of the Affordable Housing Network of Silicon Valley join host Nick Preciado to discuss how the city might change its housing approach to achieve more success!