08 Dec

November 19, 2014 — San Jose City Council Votes on Housing Impact Fee

Housing Trust is deeply grateful to the San Jose City Council, led by Vice-Mayor Mayor Madison Nguyen, Mayor-elect Sam Liccardo, and councilmembers Donald Rocha, Ash Kalra, Xavier E. Campos, Kansen Chu and Rose Herrera, for passing a $17 per square foot Housing Impact Fee that, when fully implemented, will raise $25 to $30 million a year in support of affordable housing. This vote marks the culmination of two years of community effort, and Housing Trust would like to recognize the city council and the City of San Jose Housing Department staff, in particular Leslye Corsiglia and Jacky Morales-Ferrand for working tirelessly to craft a thoughtful, fair, and impactful policy that protects residential development in the pipeline and will create a significant amount of affordable housing. We are excited to move forward with the support of the Housing Impact Fee, and create even more opportunities for Silicon Valley residents of all income levels to live here affordably.