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.
We have reviewed the policy nominations put forward in the staff memorandum and we believe that the following policies should be prioritized, in the following order, to support economic growth in the City of San José
For many decades, the City of San Jose has aspired to secure a jobs and tax base in the North Coyote Valley. Given that only 15% of San Jose’s land is zoned for employment uses and the North Coyote Valley represents nearly 1/6th of all employment lands, it is incumbent upon the Mayor and Council to consider how any potential general plan amendments could potentially worsen San Jose’s already poor “jobs-to-housing” imbalance.