San Jose has built less than 70 of its planned Affordable Housing Units Planned for 2022
It turns out that San Jose has made slow progress in reaching its goal of adding 10,000 affordable homes by 2022. According to a new report from the city’s housing department, just 64 units had been completed by the end of the 2017-18 fiscal year, which was in June. The report also claims that another 594 units are under construction and 270 are in predevelopment. San Jose councilman Johnny Khamis stated the following regarding the report’s findings,
I’m disappointed. These are not numbers that I like. I feel that the state just dumped a whole mess of people out of our prison system, and now we’re just having to deal with them.
Jacky Morales-Ferrand, the head of the San Jose’s housing department, claims that the goal of reaching 10,000 units includes units under construction or planned for development, and not just the units already completed. According to the report, about 426 of the 594 units currently in development will be for formerly homeless individuals. Of the 594 units currently in development, about 168 will be for people earning up to 50 percent of the area’s medium income, which is about $53,000 for two people. San Jose residents will also be voting on Measure V this November, which is a $450 million affordable housing bond measure. We will have to wait and see if San Jose is going to be able to reach its goal of adding those 10,000 affordable homes by 2022.