Draft Inclusionary Housing Economic Study

News flash!

The City of San Jose has just posted the draft inclusionary Housing Economic study on their website at http://www.sjhousing.org/ (click on the “Inclusionary Housing Study” link on the right-hand side of the page).

 This study measures the economic effect of potential city-wide inclusionary housing.

There will be a public meeting to discuss this study on March 26th from 6pm to 8pm at City Hall (Wing rooms 118-120).

 

SJ Inclusionary Zoning Update

On February 13^th, Aaron, Tamon, and I were among the 40+ attendees, including many developers, at the City of San Jose’s inclusionary housing meeting at the Northside Community Center.

David Rosen and Associates (DRA), the consulting team hired by the City of San Jose, presented the pro forma budgets for each of the housing prototypes modeled in the economic analysis of inclusionary housing impacts. Most of the meeting was spent getting feedback from developers on whether or not the budget line items were reasonable assumptions. Some of the key points discussed were:

• The pro forma budgets should accurately reflect the actual current cost of developing housing
• The City and the consultants want to make the process and the numbers as transparent as possible.

The developers are encouraged to review the pro forma budgets at: http://www.sjhousing.org/link/whatsnew.html and submit comments to Leah Rothstein at leah@draconsultants.com by February 20^th.