It was a farsighted and visionary decision to support an effort that will result in more affordable housing and help to resolve the affordable housing crisis in the town and in the valley. I grew up in Los Gatos and while we may never be able to return to the relatively affordable place that the town was 30 years ago, we can do an increasingly more effective job in solving the housing crisis. Rising housing costs and decreasing availability are adversely affecting the quality of life in Santa Clara County and the entire Silicon Valley. Rents have gone up over 60 percent in the past five years and homeownership prices at least that much. It is projected that nearly 400,000 new jobs will be created in the next 10 years, with less than 100,000 new housing units becoming available, further exacerbating the problem.
Affordable housing is integral to economic well-being, job recruitment and talent retention.
Housing creates jobs, boosts local tax revenues and enables our community to be a vibrant place to live, work and conduct business. Maintained by Boulevards New Media .