San Jose Tenants Face Uphill Battle Against Rent Hike
Two San Jose tenants face an increasingly Sisyphean struggle to hold off a crushing rent increase that could force them to move. Through an arcane loophole in the city’s rent control law, landlords were allowed to raise rents beyond the legal cap in order to pass through interest rates of new mortgage loans onto tenants. Although San Jose amended the law to close this loophole in June, in the three-month period before it took effect, the city saw fifteen Debt Pass-Through Petitions filed, as... more
San Jose Sues Santa Clara over Lack of Housing
Two neighboring cities in the southern Bay Area will be taking their land-use feuding to court. The City of San Jose filed a lawsuit today against the smaller neighboring city of Santa Clara, alleging that the latter’s recently approved CityPlace development has a gross imbalance of jobs and housing. The project by Related Companies is expected to bring close to 25,000 jobs with 5.7 million square feet of office space and 1.1 million of retail, but only 1,360 dwelling units. In May, San Jose... more