October 29, 2019 | PRESS RELEASE

Broad Coalition Advocates for Reforms to Create more Market Rate and Affordable Homes



San José, CA – Members of the media are invited to join The Silicon Valley Organization (The SVO) and our coalition for a press conference regarding an upcoming housing vote by the San Jose City Council. The event will be hosted at the Glass House located at 2 South Market Street, San Jose, CA 95113 on Wednesday October 30, 2019 from 10:30am to 11:00am PST.

On Tuesday November 5, 2019, the Council will vote on Item 4.4 whether or not to modify the City’s Inclusionary Housing Ordinance (IHO). The current ordinance requires residential development, with 20 or more bedrooms, to build 15% of the total project’s units as affordable or pay an in-lieu fee to an affordable housing fund, which the City can later use to fund affordable housing development.

The vote will decide major reforms to the IHO that will improve the development feasibility of both market rate and affordable homes. The City’s proposed IHO amendments are a step in the right direction, but more must be done to ensure that development is actually feasible.

At the press conference, The SVO will discuss our commissioned report from Beacon Economics LLC to provide context for reforms to the IHO. Attached is the executive summary of the report to be embargoed until Wednesday October 30, 2019 at 10:30am PST.

Our press conference will feature the following speakers:

·        Matt Mahood, President and CEO, The SVO

·        Eddie Truong, Director of Government & Community Relations, The SVO

·        Councilmember Lan Diep, City of San Jose – District 4

·        Councilmember Johnny Khamis, City of San Jose – District 10

·        Michele Daughtery, President & CEO, Associated Builders and Contractors, Inc.Northern California Chapter (ABC NorCal)

·        Chrissy Garavaglia, Director of Government Relations, Santa Clara County Association of Realtors (SCCAOR)

·        Anil Babbar, Vice President of Public Affairs, California Apartment Association (CAA)

For any questions, please contact Mason Fong, Director of Public Policy Communications at MasonF@thesvo.com or at (650) 773-8623.

More Posts

You Might Also Like

Press Releases
Conversation on Healthcare with Supervisor Susan Ellenberg
Press release for the SVO's Conversation on Healthcare event featuring Supervisor Susan Ellenberg and Kaiser Permanente’s Senior Vice President and Area Manager, Irene Chavez.
Dec 13, 2019
The Silicon Valley Organization
Press Releases
SVO PAC Endorses James (Jim) Zito for San Jose City Council District 8
Press Release for the SVO PAC's endorsement of James (Jim) Zito for San Jose City Council District 8.
Oct 24, 2019
The Silicon Valley Organization
Press Releases
The SVO Supports Google’s Planning Application
Press Release for the SVO outlining their support for Google's planning application.
Oct 19, 2019
The Silicon Valley Organization
In The Media
In the News: San Jose Mayor Sam Liccardo on Nashville
Mayor Sam Liccardo on his experience in Nashville on the #svostudymission.
Sep 11, 2019
The Silicon Valley Organization
Press Releases
SVO Delegation of Silicon Valley Leaders Hosts Mayor’s Panel
Press release for the SVO's Delegation of Silicon Leaders Mayor's Panel featuring San Jose Mayor Sam Liccardo and Nashville Mayor David Briley.
Aug 30, 2019
The Silicon Valley Organization
Members In The News
Blach Construction’s Kim Scott Honored Among Silicon Valley Business Journal’s 2019 “40 Under 40” Award Winners
Blach Construction, a full-service and award-winning commercial builder serving the Greater Bay Area and Monterey since 1970, congratulates Vice President, Business Development and Marketing Kim Scott on her recognition as a 2019 Silicon Valley Business Journal “40 Under 40” honoree. Scott accepted the award at a reception at San Jose’s Club Auto Sport on July 25 alongside 39 other outstanding young professional and community leaders.
Aug 5, 2019
The Silicon Valley Organization
Explore ALl Posts
Follow Us

We’re on Instagram