One of San Jose Mayor Sam Liccardo’s top aides is bemoaning how owners of a commercial complex are pulling a bait-and-switch.
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Op-Ed: Free Speech Under Attack at Public Meetings in San Jose
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Sunnyvale City Manager, Execs Receive Sweetheart Housing Loans that Are ‘Practically Free’
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San Jose Commission Opposes Crime-Free Multi-Housing Idea
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San Jose City Council Poised to Reject Land Conversion Proposal
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Rent Control Off the Table in Mountain View—For Now
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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.
Read More 8San Jose City Council Considers Updating P-Card Policies
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Audit Points to Loopholes in Homebuyer Assistance Program
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Councilman Campos Wants Airbnb to Pay Hotel Tax
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City Looks to Spend $2 Million to House the Homeless
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San Jose Considers New Tax to Pay for Affordable Housing
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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.
Read More 5Arresting Developments
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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.
Read More 2Census Shows Growth in Homeless Population in San Jose, County
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The South Bay homeless population appears to be pooling in San Jose, as a new study estimates an 18 percent increase in the number of homeless people in the city since 2011. Overall, Santa Clara County’s homeless population grew by 8 percent—7,361 total—in the last two years, according to the county’s biennial census of the homeless population.
Read More 3Property Values Continue to Climb in 2013
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County Assessor Report Notes Resurgence in Housing Prices
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Silicon Valley home values saw double-digit appreciation in the past year, outpacing the nation’s rebounding real estate market. Santa Clara County Assessor Larry Stone last week released a detailed breakdown of single-family home and condo prices. The report of prices in 25 South Bay neighborhoods shows growth in single-family home values ranging from 4 to 24 percent, and 13 to 46 percent for condos.
Read More 1Investor Groups with Cash Pushing Middle-Class Homebuyers out of the Market
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A trend has emerged in the Silicon Valley real estate market, where middle-class homebuyers are losing out to cash buyers—often investment groups from overseas—who convert owner-occupied homes into rentals. The natural tendency of sellers to choose quick, guaranteed sales over offers with financing contingencies is a new assault on middle-class home ownership, a shift likely to expand the ranks of landlords and tenants and make home ownership an increasingly elusive American dream.
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