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Cost and availability of affordable housing. In 2018, the median rental rate in Silicon Valley was $2,911, the highest of any major metropolitan region in the United States. [ 3] At $3.20 per square foot, the San Jose metro area has the second highest rental rate per square foot in the United States, behind San Francisco at $3.42. [ 3]
California Senate Bill 35 (SB 35) is a statute streamlining housing construction in California counties and cities that fail to build enough housing to meet state mandated housing construction requirements. [1] The bill was introduced to the California State Assembly by State Senator Scott Wiener (D-SF) on December 15, 2016. [2]
One of the seven projects at issue, a rehabilitation of an 84-unit public housing complex in San Francisco’s Hayes Valley neighborhood, will offer two-, three- and four-bedroom apartments for ...
The McKinsey Global Institute estimates that California's housing shortage is costing the state $143 billion to $233 billion in lost economic output, primarily from consumption that's crowded out by high housing costs and lost construction activity. ^ ab"Table 12-13".
Donner Lofts is located in San Jose, California at 158 East Saint John Street, San Jose, CA 95112. This apartment community was built in 2016 and has 6 stories with 101 units. This is an Affordable Housing building with a waiting list to lease a unit.
A housing shortage has recurred and apparently reached the crisis stage. In a 2014 California treatise on real estate development, the authors opined that "[C]ommunities across California continue to confront the challenge posed by a scarcity of housing, particularly of affordable housing. In the last several decades, housing production in the ...
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