The San Jose Silicon Valley Chamber of Commerce Board of Directors held a special meeting today to further discuss the County Housing Bond and finalize its position on the November ballot measure.

The initial bond measure was met with more questions than answers so after a robust discussion at the previous board meeting last month, the board took a “no decision” stance until the Santa Clara County Board of Supervisors offered further clarification and/or additional detail to questions raised. A clear understanding on the specifics of the plan, accountability, transparency and the use of taxpayer dollars were among the questions Chamber board members raised. The County came back with the details requested and the board engaged in another robust discussion over the proposed housing bond. Based on these responses, the board of directors approved a “neutral” stance on the bond.

“We recognize that there is a housing crisis and there were arguments made on both sides,” SJSV Chamber President & CEO Matthew Mahood said. “In the end, we are pleased that the county will pursue a more robust oversight committee and are confident with our new position as it was reached after tireless work by our board to get all the facts.”

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