US Supreme Court leaves California ruling intact (no change).
| Affordable housing check-out |
"Advocates of low-cost housing scored a legal victory Monday when the U.S. Supreme Court left intact a ruling by California’s highest court allowing cities and counties to require builders to include a percentage of affordable units in each new development.
The building industry had argued that those requirements amount to a government confiscation of property and should be allowed only if a particular development would cause a shortage of affordable housing. The state Supreme Court rejected those arguments unanimously in June, and the nation’s high court denied review Monday.
The case involved a San Jose ordinance, passed in 2010 but not yet in effect, that requires developers of 20 or more units to make at least 15 percent of those units affordable to low- or moderate-income buyers and renters. Similar laws are in effect in more than 170 California communities, including San Francisco, Berkeley, Richmond, and unincorporated areas of Contra Costa, Marin and San Mateo counties.
San Francisco requires builders of 10 or more housing units to include at least 12 percent affordable housing or pay a fee. The Board of Supervisors is scheduled to vote Tuesday on whether to ask voters in June to increase that allotment to 25 percent" Read article.
Note graphic from Bank Foreclosures Sale.com.
Posted by Kathy Meeh
2 comments:
Good for realtors or bad for realtors?
Higher priced homes equal higher commissions. Local realtors need to make sure the builder has a friendly or stupid City Council to accept chump change as payment-in-lieu for those affordable units. No money in building affordable housing.
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