Last week, we gave San Jose a copy of the previous blog post on the problem of unrealistic fiscal assumptions used to make Coyote Valley fiscally responsible, together with the short letter below.
-Brian
———————————
May 8, 2006
Re: Draft Fiscal Analysis for
Dear Members of the CVSP Task Force:
The Committee for Green Foothills submitted comments last month on the Draft Fiscal Analysis for
We further note that 1,000 housing units are designated as “affordable” for-sale units. A 3% appreciation rate of future new affordable units, even where deed restrictions govern resale prices, will quickly remove these newly-constructed units out of the “affordable” range.
Please contact us if you have any questions.
Sincerely,
Brian A. Schmidt
Legislative Advocate,
Leave a Reply