San Jose Inclusionary Housing Policy Revamp

planned

San Jose city leaders are planning to revamp the inclusionary housing program, which requires market-rate housing developers to allocate a portion of their investments toward affordable housing. The proposed change aims to shift the program's focus from low- and moderate-income residents to middle-income working professionals by increasing the target income brackets for beneficiaries. The policy change is intended to help financially struggling housing projects move forward by allowing developers to charge higher rents for affordable homes.