Specifically, we have serious concerns regarding both the $950 million citywide general obligation bond and the proposed charter amendment to shift the city’s procurement process to “Best Value Contracting.”
The average San Jose tenant would need to pay an additional 25% rent increase in order to make it economically feasible for new high-rise developments. These market conditions make it extremely difficult to meet the goals of Mayor Liccardo’s 15-point housing plan and work towards making rental housing more affordable for all San Jose residents.
In the unincorporated areas of Santa Clara County, Stanford University is the only entity that has paid a fee to support affordable housing.
RUBS is a common and established industry practice for property owners throughout the nation. When property owners are encouraged to share the cost of utility services accrued by tenants, it further promotes information sharing and utility conservation measures.