The county needs to make more deals happen and gain as much leverage as possible on the voter-approved funds.
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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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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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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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