...Title
Amendments to Chapter 5.08 of Title 5 of the San José Municipal Code and Regulations for the Inclusionary Housing Ordinance.
...Recommendations
Approve an ordinance amending Chapter 5.08 (Inclusionary Housing) of Title 5 of the San José Municipal Code to:
(a) Update affordability levels;
(b) Refine compliance options (including Surplus Credits);
(c) Align the affordability term for inclusionary units with state practice; and
(d) Clarify treatment of 100% affordable developments.
CEQA: Not a Project, File No. PP17-008, General Procedure and Policy Making resulting in no changes to the physical environment. (Housing)