Description
Title: The Cost of Residential Development in San José. (Mayor, Kamei, Campos, Tordillos, and Cohen)
Summary
The San José City Council, led by Mayor Mahan and Councilmember Kamei, has recommended amendments to the upcoming Cost of Residential Development Study. The proposed changes aim to expand the analysis of housing typologies, assess the financial implications of local regulations—including Reach Codes—and evaluate how off-site improvements and parking ratios impact housing costs. Given the significant rise in construction costs (34.4% from 2021-2024), understanding these factors is crucial for developing effective housing policies. The study will help the City Council make informed decisions that could ease development processes and ultimately enhance housing supply in a city where construction has become prohibitively expensive.