Santa Clara County’s affordable housing projects funded by local dollars are stuck in a “logjam” struggling to secure other money needed to start construction.
While the county has built more than 3,000 affordable homes over the past decade with Measure A, a $950 million bond approved by voters in 2016, 600 apartments and homes are stuck in the pipeline. The lack of state funding to pair with local dollars, along with rising costs of insurance and building materials, is pushing back the county’s development timeline. Some projects won’t come online until 2030, according to a March report from the Measure A Independent Citizens’ Oversight Committee.
“The plan was always to leverage the state and federal resources so that we maximize the amount of homes that we have,” SV@Home Executive Director Regina Williams told San José Spotlight. “That unfortunately comes with the reliance on the other resources.”…