San Jose affordable-housing win sets up big changes for industry

Silicon Valley Business Journal

From the article:

San Jose city officials will move swiftly to begin implementing a long-delayed affordable housing ordinance following Monday’s California Supreme Court ruling upholding the law. But industry groups opposed to the added regulation on the for-sale sector are not giving up without a fight.

The so-called “inclusionary housing” regulations, which affect new, for-sale projects, could be enforced for the first time citywide in San Jose in a little more than six months, said Jacky Morales-Ferrand, interim director of the San Jose Department of Housing.

“It’s a tremendous victory for our city, the housing department and most importantly, the future buyers who are actually going to have an opportunity to buy something that’s more affordable, so they can afford to live and work and play in San Jose, which is what we want,” she said.

Still, the homebuilding industry was vowing to fight on, with an attorney for the industry saying on Monday that the unanimous ruling could be appealed all the way to the U.S. Supreme Court.

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