On behalf of The Silicon Valley Organization (The SVO), we are writing in opposition to a proposal to move the timing of mayoral elections away from the gubernatorial election cycle.
Any revisions to the Ellis Act re-control rules should preserve the existing supply of rent-controlled housing units, while avoiding unnecessary policies that would make residential projects infeasible for redevelopment opportunities.
As the rising costs of land, labor, and construction materials continues to stall residential housing projects, the City of San José must explore options to reduce taxes and fees in order to improve the feasibility of housing projects.
We remain firm in our opposition of commercial linkage fees, as the fee structure could create disincentives for employers to add jobs and would worsen San Jose’s already poor “jobs-to-housing” imbalance. We still believe that the key systemic solution to addressing our unprecedented housing crisis is to drastically increase housing supply at all income levels throughout the region.