housing

Rent Control Off the Table in Mountain View—For Now

Mountain View has no rent control, leaving many long-time residents feeling helpless as housing costs have skyrocketed. While the city has subsidized construction of hundreds of affordable units since 2005, using below-market-rates in lieu of fees from developers, it’s not doing enough to meet the needs of thousands of residents struggling financially, according to housing activists.

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San Jose Considers New Tax to Pay for Affordable Housing

Business groups worry that San Jose could scare away developers if it imposes a fee on new home construction to pay for more affordable housing, an effort to recoup a fraction of the money lost when the state closed all redevelopment agencies. The City Council, which was supposed to talk about the inclusionary housing fee in December, decided to table the discussion until the new year.

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Arresting Developments

A recent discussion within our community has focused on building even more single-family homes in areas that are reserved for jobs or fall outside of the urban service area. The proposal would allow those who convert industrial land to pay a fee per housing unit created. Those dollars would then be used to purchase open space in Coyote Valley. Although this idea may be worthy of discussion in theory, my concern is that such land use decisions would ultimately hurt San Jose’s economy.

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Census Shows Growth in Homeless Population in San Jose, County

The South Bay homeless population appears to be pooling in San Jose, as a new study estimates an 18 percent increase in the number of homeless people in the city since 2011. Overall, Santa Clara County’s homeless population grew by 8 percent—7,361 total—in the last two years, according to the county’s biennial census of the homeless population.

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Property Values Continue to Climb in 2013

About 47,000 county homeowners will soon find out that their homes are worth more than what they paid for them. Assessor Larry Stone announced in a press release Thursday that the South Bay’s residential property market continues to trend upward.

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County Assessor Report Notes Resurgence in Housing Prices

Silicon Valley home values saw double-digit appreciation in the past year, outpacing the nation’s rebounding real estate market. Santa Clara County Assessor Larry Stone last week released a detailed breakdown of single-family home and condo prices. The report of prices in 25 South Bay neighborhoods shows growth in single-family home values ranging from 4 to 24 percent, and 13 to 46 percent for condos.

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