1.
Alternative Financing for Affordable Housing. (Mahan, Campos,
Tordillos, Cohen, and Ortiz)
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 part of the report an analysis of lease-revenue financing,
including but not limited to issuance of certificates of participation, for
funding affordable housing.
2.
Request to Add a Resolution Honoring the Women and Families of the
Farmworker Movement and proclaiming March 31 as Farmworkers’
Day to the City Council Meeting Agenda of April 21, 2026. (Foley,
Kamei, and Campos)
Recommendation:
1. Consider a draft resolution of the City Council of the City of San
José Honoring the Women and Families of the Farmworker Movement
and proclaiming March 31 as Farmworkers’ Day in the City of San
José;
2. Add the draft resolution to the City Council Agenda for its regular
meeting of April 21, 2026;
3. Authorize the City Attorney’s Office to make such formatting and
non-substantive changes and additions to the said draft resolution as it
deems appropriate or necessary.