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This memorandum from Mayor Mahan and Councilmembers Campos, Tordillos, Cohen, and Ortiz addresses the need for alternative financing for affordable housing in San José. It recommends that the City Manager return to the City Council by August 2026 with policy recommendations based on a previous information memorandum from the Housing Department. The recommendations include analyzing the range of affordability levels supported by public-private partnerships, the trade-offs between the number of units and depth of affordability, and the impact on existing housing projects. Additionally, it suggests including an analysis of lease-revenue financing options for funding affordable housing.
Key points
The memorandum is addressed to the Rules and Open Government Committee.
It recommends the City Manager to provide policy recommendations by August 2026.
The analysis should include the feasibility of reaching Very Low-Income affordability levels.
It discusses the trade-offs between total number of units and depth of affordability.
The memorandum highlights the need for innovative financing strategies to address housing shortages.
It mentions successful models from other cities like Portland and Evanston for affordable housing development.
Limitations
The document contains unresolved placeholders and lacks specific details in some sections.
The document appears to be a draft.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 5,906 chars
RULES COMMITTEE: 4/29/26 ITEM: C.3 TO: RULES AND OPEN GOVERNMENT COMMITTEE FROM: Mayor Mahan Councilmember Campos Councilmember Tordillos Councilmember Cohen Councilmember Ortiz SUBJECT: Alternative Financing for Affordable Housing Approved DATE: April 6, 2026 Date: 4/6/26 RECOMMENDATION Direct the City Manager to: 1. Return to City Council by August 2026 with policy recommendations for Alternative Financing for Affordable Housing Production based on the March 11, 2026, Information Memorandum from the Housing Department, including additional analysis of: a. The range and mix of affordability levels that the public-private partnerships contemplated in the memo may support, including the feasibility of reaching Very Low-Income affordability levels (30% - 50% AMI), as referenced in the memorandum from Councilmember Ortiz dated January 27, 2026; b. The “trade-offs” between total number of units and depth of affordability for the existing City approach to affordable housing production with each of the policy options in the information memo; and c. How these policies may benefit or impact the existing pipeline of affordable and market rate housing projects in San José. 2. Include as...
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The document titled 'Workload Analysis' pertains to the matter file ROGC 26-191 and discusses alternative financing for affordable housing. It includes input from the Finance and Housing Departments, with representatives Maria Oberg and Erik Solivan. The staff recommends adopting the proposal based on outlined tradeoffs, indicating that the idea can be implemented under the current work plan. The analysis notes that the Housing Department is evaluating financing approaches to support housing production and affordability, with plans to return to the Council with policy recommendations by August 2026 and mixed-income project recommendations by March 2027. The document also mentions the use of lease revenue bonds for affordable housing purposes.
Key points
Departments involved: Finance and Housing.
Representatives: Maria Oberg (Finance), Erik Solivan (Housing).
Subject: Alternative Financing for Affordable Housing.
Staff recommendation: Adopt based on tradeoffs.
Estimated project duration: 6 – 9 months.
Total project complexity score: 8 (Medium Complexity).
Housing Department is evaluating financing strategies for affordability.
Policy recommendations to be returned to Council by August 2026.
Mixed-income project recommendations to be returned by March 2027.
Limitations
The document contains unresolved placeholders and formatting issues.
Specific details regarding the 'RED LIGHT' recommendation are not provided.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,998 chars
ZĞƋƵĞƐƚĨŽƌWŽůŝĐLJŶĂůLJƐŝƐ;ŽƵŶĐŝůZĞĨĞƌƌĂůƐͿ Department Finance Department, Housing Department Department Rep. Name/Ext. Maria Oberg (Finance), Erik Solivan (Housing) Policy/Ordinance Subject Alternative Financing for Affordable Housing Item C3 Rules Date April 29, 2026 Councilmember Sponsorship Mayor Mahan, Councilmembers Campos, Tordillos, Cohen, and Ortiz Staff Recommendation ܆GREEN Adopt based on tradeoffs ܆YELLOW efer to ĂůĂƚĞƌĚĞƐŝŐŶĂƚĞĚ ܆RED ✔ outlined on next page ĚĂƚĞŽƌƚŚĞĂŶŶƵĂůƵĚŐĞƚWƌŽĐĞƐƐ Recommend Council not adopt nominated idea Staff Evaluation Is this already underway in a department work plan? Is this time critical or an emergency? ✔ ܆Yes ܆No Will this require substantial resources, staffing, budget, strategic support͕ŽƌƌĞƉƌŝŽƌŝƚŝnjŝŶŐĞdžŝƐƚŝŶŐǁŽƌŬƉůĂŶ? ✔ No ܆ ܆Yes ܆NEEDS CLARIFICATION OR MORE TIME TO EVALUATE ܆No ✔ ܆Yes Scoring Criterion Criterion to Determine Scale of Project Complexity Project complexity is determined by scoring the project in each of the 3 criterions below and then summing the score. a. Low Complexity is a sum of 6 or less. b. Medium Complexity is a sum of 7 – 9. Total Score = 8 c. High Complexity is...
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This letter is from members of San José YIMBY expressing strong support for two items on the agenda of the Rules and Open Government Committee. They advocate for the proposed ordinance to expand ministerial approval for housing projects under AB 130, emphasizing its effectiveness in streamlining housing production. They also support exploring alternative financing tools for affordable housing, suggesting that additional analysis could enhance the city's housing production capacity.
Key points
Support for expanding ministerial approval for projects under AB 130.
Ministerial approval is seen as a tool to streamline housing production.
The approach aims to improve economic feasibility for builders and provide more housing options.
Support for exploring alternative financing tools for affordable housing.
The letter is signed by Theresa Do, David Naczycz, and Matt Savage, Co-Leads of San José YIMBY.
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Extracted text preview · 1,958 chars
4/28/26, 9:01 AM Mail - City Clerk - Outlook 2 Outlook Items C2 and C3 for Tomorrow's Rules Meeting Date Tue 4/28/2026 8:27 AM To City Clerk <city.clerk@sanjoseca.gov> [External Email. Do not open links or attachments from untrusted sources. Learn more] Chair Cohen and Members of the Rules and Open Government Committee, On behalf of more than one thousand members of San José YIMBY, we are writing in strong support of the proposed ordinance under Item C2 to expand ministerial approval for projects developed pursuant to AB 130. Ministerial approval is one of the most effective tools cities have to streamline housing production. By allowing qualifying infill projects to move forward more predictably and without lengthy discretionary processes, San José can accelerate the delivery of new homes closer to jobs and transit, improve economic feasibility for builders, and enable more housing options for residents. This approach also reduces the burden on staff time, allowing the Planning Department to focus resources on more complex housing work. We also want to express our support for Item C3, which would explore alternative financing tools for affordable housing. Additional analysis of...