Memorandum from Mayor, Kamei, Campos, Tordillos, and Cohen
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This memorandum from Mayor Mahan and Councilmembers Kamei, Campos, Tordillos, and Cohen addresses the cost of residential development in San José. It recommends that the City Manager amend the scope of the next Cost of Residential Development Study to include various analyses related to housing typologies, off-site improvements, Reach Codes, parking ratios, and development review timelines. The memorandum emphasizes the increasing costs of construction in California and the need for a detailed understanding of how policy decisions impact financial feasibility for residential developers.
Key points
- The memorandum is addressed to the Rules and Open Government Committee.
- It recommends amending the scope of the next Cost of Residential Development Study.
- Proposed analyses include feasibility of various housing typologies, impact of off-site improvements, financial impact of Reach Codes, parking ratios, and development review timelines.
- Construction costs in California have significantly increased, with a 34.4% rise from 2021-2024.
- The study aims to provide insights into how regulations and site improvements affect housing feasibility.
Limitations
- The text contains unresolved placeholders, such as the specific date of the Rules Committee meeting.
- The document does not specify any outcomes or decisions made regarding the recommendations.
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