→ View All
Could the Sharks be buyers at the trade deadline?
Typically at the trade deadline, teams like the San Jose Sharks start a fire sale. Anything that’s not a young prospect who factors into the team’s future is fair game. But this season may be the ...
Sustainable Silicon Valley
Listed under: Transportation Water Sustainability
Second Street Studios, a $59.25 million project developed by First Community Housing, has provided a permanent home for 155 formerly homeless residents. Courtesy Guerdon Modular Buildings
After weeks of intense negotiation, the San Jose City Council voted 9-2 on Dec. 10 to approve Mayor Sam Liccardo’s spending plan for a property transfer tax measure to pay for affordable housing. Officials say the tax, which will be paid by the buyers and sellers of homes valued at more than $2 million, will generate up to $70 million a year. It will not impact 98 percent of home sales in the city.
San Jose Spotlight reports that the plan sets aside at least 45 percent of the money it raises for permanent rental housing for extremely low-income residents. “Another whopping 35 percent of the funds are set aside for affordable rental housing for low-income households,” writes reporter Nadia Lopez, “and 10 percent for the sale of below market-rate homes and moderate-income rental housing.”
Read: “Lawmakers approve San Jose mayor’s spending plan for proposed tax” on San Jose Spotlight.
Short articles summarizing reporting by local news sources with linkbacks to the original content.
Or, subscribe to our weekly newsletter and get the free e-book.
You are subscribed!
Look for our confirmation message in your email inbox.
And look for our newsletter every Monday morning. See you then!
Don't forget to download your free e-book!
You're already subscribed
It looks like you're already subscribed to the newsletter. Not seeing it in the email inbox of the address you submitted? Be sure to check your spam folder or promotions folder (Gmail) in case your email provider diverted it there.
There was a problem with the submitted email address.
We can't subscribe you with the submitted email address. Please try another.