San Jose has 31,000 homes approved. Two-thirds can't get built. (+ FIFA prep)
San Jose Community and Economic Development Committee: Staff reported about two-thirds of 31,000 approved housing units are infeasible to build now. 4 reports accepted 5-0.
San Jose
Community and Economic Development Committee Meeting
February 23, 2026
TL;DR
- About two-thirds of the 31,000 housing units already approved across 103 San Jose projects can't be built in today's economy, staff said.
- San Jose's 2025 permitted units fell short of the city's annual state housing target. The state has not yet recognized San Jose as a pro-housing city.
- The first official entertainment zone activation, San Pedro Superfest, drew about 48,000 people over Super Bowl weekend with no incidents reported.
- The city is targeting June 2027 to consolidate event permitting under one software system. The estimated subscription cost is $25,000 to $45,000 a year.
- Equinix's SV12 data center in Edenvale was energized in January. The city projects about $2.5 million a year in utility tax revenue once fully operational.