Skip to main content

San Jose Rejects Bid to Convert Industrial Land for Housing

Phil Hall
May 13, 2015

An effort to expand Bay Area housing opportunities by changing the land designation on a San Jose industrial property to accommodate multifamily housing has been rejected.

According to a Mercury-News report, the San Jose City Council voted 9-2 to reject a proposal that would have replaced two commercial properties on a 4.1-acre site with a multifamily complex that would have accommodated as many as 200 apartments. Mayor Sam Liccardo and the city’s planning director, Harry Freitas, lobbied against the conversions, arguing that new housing would drain municipal resources; roughly 15 percent of San Jose’s land is set aside for industrial and commercial operations.

This vote is the fourth attempt to convince the city council to convert industrial land into residential space. None of the previous votes were successful.  

Published
May 13, 2015
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

UPDATE: Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021