Sign in Subscribe
3 min read San Jose Community and Economic Development Committee

San Jose fell behind watching its $745M in housing loans

San Jose Community and Economic Development Committee: A city audit found gaps in how the city monitors over $745M in affordable housing loans across about 220 properties.
Share
San Jose
Community and Economic Development Committee Meeting
June 15, 2026

TL;DR

  • A city audit found San Jose is not keeping up with monitoring its affordable housing loans, worth more than $745M across about 220 properties. The committee accepted it and sent it to the full council for August 18.
  • Staff reported the city's housing push has finished 7 of 10 goals but remains short of its building target. 2,216 homes have moved into construction since the December 2024 incentive program.
  • An economy update covered 3,978 jobs supported through the third quarter, six new downtown businesses, and this year's 1.95 million event-goers.

This post is for paying subscribers only


You might also like...

16
Jun

San Jose council votes 9-2 to oppose a tax-limit measure

San Jose City Council: The council voted 9-2 to oppose a November measure limiting local taxes and funded 22 interim housing sites for the year. A $3.6M downtown land deal also passed.
4 min read
11
Jun

San Jose's shelter buildout is done, but the funding isn't secure

San Jose Neighborhood Services and Education Committee: The city finished its 2,202-bed homeless shelter system, but the housing director said funding lasts only a couple more years.
2 min read
09
Jun

San Jose passes its budget: 85 fewer jobs, keeps library hours

San Jose City Council: The city closed a $50.3M budget gap with 85 fewer jobs overall, kept library hours, and released the full $1M for immigrant legal defense upfront.
4 min read
02
Jun

Three San Jose rate increases start July 1, garbage up 7%

San Jose City Council: Garbage and recycling rates rise 7% for single-family homes and 4% for multi-family July 1, on an 8-3 vote. Sewer and water rates went up too.
3 min read
19
May

San Jose cuts technical-study requirements for common housing projects

San Jose City Council: New CEQA rules cut technical-study requirements for common housing projects. Council also approved a SJCE pilot offering free heat pumps to renters.
5 min read