When will the law of supply and demand cool California’s housing market? The state is losing population as it builds homes at its fastest clip in a decade.
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California Juggles Funds as Budget Deficit Balloons to $31.5B
Monthly tax revenues came in billions of dollars below forecasts this spring, threatening budget cuts amid fears of a recession.
Townhouse Project in Saratoga Is at Epicenter of CA Debate over New Union Rules
Atlanta-based Pulte Group contends its Quito Village project doesn’t need to abide by the original developer’s first-of-its-kind union-hiring standard set by a new housing law.
CA Announces $46.6M Light Rail Grant to Connect East San Jose to Milpitas BART
When the project is completed in 2029, VTA riders will be able to get on light rail at the Eastridge Transit Center and connect directly with BART at Milpitas Station.
San José Mayor Endorses New State Bill in Bid to End Unsheltered Homelessness
SB 634 would make the task of housing unhoused and low-income residents on vacant land easier for California cities.
HUD Announces $11.1M Grant to Combat Homelessness in Santa Clara County
The federal grant targets unsheltered and rural homelessness in San Jose and Santa Clara County.
CA Lawmakers Schedule Audit To Find Out Why Spending Billions Hasn’t Reduced Homelessness
Sen. Dave Cortese of San Jose began pushing for the audit after touring a massive homeless encampment on vacant land near the San Jose Mineta International Airport. San Jose will be one of two cities targeted by the audit.
California Approved $300M in State-backed Home Loans — Who Got the Money?
A new loan program for first-time home buyers only served a couple thousand borrowers, most of them white, non-Latino and living in the Sacramento area.
FDIC Says Agreement By SVB To Invest $11B in Communities Died with Bank
The March 27 purchase by First Citizens Bancshares of all assets and liabilities of the failed Silicon Valley Bank did not include a community reinvestment pledge signed by SVB in 2021 as part of an acquisiton of Boston Private Bank.
Gordon E. Moore, Silicon Valley Pioneer and Intel Co-Founder, Dies at 94
In the 1960s the San Jose State grad predicted the rapid advances in computer chip technology, which became known as the iconic Moore's Law, charting a course for the age of high tech.
Mayor Mahan Takes His Budget Case to the Public Before Council Showdown
How to spend approximately $1.5 billion in 2023-24 will be the first big test of political power for the mayor.
Fentanyl Overdoses at Elmwood Jail Prompt Sheriff to Begin Investigation, Add More Searches
To combat the presence of fentanyl in the correctional facility, Jonsen said he has taken “extraordinary” measures, including conducting multiple facility searches, more frequent welfare checks and numerous K-9 searches.
California Announces San Jose Will Receive 200 Tiny Homes to Ease Homelessness
Tiny homes from the state will help the City of San Jose reach Mayor Matt Mahan’s ambitious goal of sheltering 1,000 unhoused residents by the end of the year.
As Emergency Aid Flows to Flooded Communities, Will Thousands Be Left Out?
Gov. Gavin Newsom said $600 United Way checks are on their way to flood-affected farmworkers regardless of their immigration status — but he did not commit state funds to either undocumented workers or cannabis businesses, both of which don’t qualify for federal emergency aid.
San Jose, San Francisco Trail Other Metro Areas in Post-Pandemic Economic Recovery
San Jose and San Francisco scored well in just one category -- investment -- with the San Jose metro area attracting the most venture capital funding of the 25 measured regions. San Francisco ranked eighth, near Philadelphia and New York.
Week Begins with More Snow in the Hills, Rain and Thunderstorms in the Valley
Wind gusts are expected to reach 40 to 50 mph, with blowing snow and reduced visibility in the higher elevations.
