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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$1 Million in RDA Money

In my opinion, the Council made two great investments two weeks ago for our tax base and jobs. The Council provided $500,000 of Redevelopment Agency (RDA) funds each to Sunpower and Maxim, totaling a one million dollar investment for economic development. These two companies compete globally, therefore they could have chosen any other location in the world. 


More on the Battle for San Jose’s Redevelopment Dollars

As San Jose city officials scramble to convince Governor Brown to not shut down its redevelopment agency, more and more information is coming to the public’s attention that speak to the value and effectiveness of the redevelopment system.  San Francisco Chronicle columnist Debra Saunders offered the following argument in a recent column, “The Future Of California-Jerry Brown Takes On The Redevelopment Agencies.”