US Supreme Court Leaves San Jose Housing Law in Place
Last year, I mentioned a case about San Jose's new law requiring cities to build affordable housing.
http://cheunghomes.blogspot.com/2015/06/court-california-cities-can-require.html
The US Supreme court upheld the CA Supreme Court's decision that the law was lawful. San Jose's law would require developers to offer 15% of units in new projects of 20 or more units at below-market rates. Developers could opt out of building affordable units by paying a fee, which the housing industry estimates could run about $122,000 per house.
http://cheunghomes.blogspot.com/2015/06/court-california-cities-can-require.html
The US Supreme court upheld the CA Supreme Court's decision that the law was lawful. San Jose's law would require developers to offer 15% of units in new projects of 20 or more units at below-market rates. Developers could opt out of building affordable units by paying a fee, which the housing industry estimates could run about $122,000 per house.
More info here--
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