...Title
The Cost of Residential Development in San José. (Mayor, Kamei, Campos, Tordillos, and Cohen)
...Recommendations
Direct the City Manager to amend the scope of work for the next Cost of Residential Development Study to include:
a. A feasibility analysis based on an expanded list of housing typologies including single-stairwell multifamily buildings and other small multifamily buildings.
b. An analysis of the impact of off-site improvements on the cost and supply of housing, based on past improvements conditioned on various housing development projects.
c. An analysis of the financial impact of various reach codes and local amendments adopted or under consideration for adoption by the City Council.
d. An analysis that identifies the parking ratio as one factor in the cost of development and compares like for like, especially in larger multifamily products.
e. A sensitivity analysis testing the impact of development review timelines, with specific quantification of holding costs over the course of the project.