Monday, March 11, 2013

San Jose explores housing impact fee, other options for affordable housing

It looks like all options are on the table as San Jose looks to find ways to fund affordable housing -- including a possible housing impact fee.The San Jose City Council will hear a report on Tuesday outlining funding strategies to replace funding lost from state and federal cutbacks, such as the dissolution of city redevelopment agencies that provided millions for below-market housing projects.Staff will suggest possible new revenue sources, current funding options and "opportunities for partnerships…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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