San Jose City Council has approved expanded tax breaks for housing developers, increasing the number of homes eligible for a 50% tax reduction from 1,500 to 1,800. This move, aimed at promoting new construction, comes alongside significant tax cuts for specific projects. Housing Director Erik Soliván noted the rising popularity of the multifamily housing incentive program, which allows for tax reductions through the end of the year. Mayor Matt Mahan stresses the need for San Jose to be perceived as pro-housing, encouraging the city to review more projects for potential tax breaks.
The multifamily housing incentive program has been popular, prompting San Jose leaders to increase the number of homes eligible for significant tax breaks to attract developers.
Mayor Matt Mahan expressed frustration with the perception that San Jose isn't pro-housing, emphasizing the need for flexibility in fees and regulations to facilitate housing development.
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