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Once again issues with Below Market Rate (BMR) housing are under consideration by the Morgan Hill City Council. This time developers are complaining that mandated BMR prices are not enough to cover the costs of construction. This has always been the case and will continue to be an issue with every development. The mandating of a percentage of BMR housing to be included in new developments, otherwise known as inclusionary zoning, as a method of increasing the supply of affordable housing has been discredited by study after study. Why then do cities continue to use this tool in an attempt to promote the construction of affordable housing? I would propose, it's because they are afraid that increasing the supply of lower cost homes would cause the median price of Morgan Hill homes to fall and thus lead to the perception that home prices in this area are declining. Of course home prices have declined a small amount due to the recent correction in prices, but the run away price appreciation had to come to and end at some point.

http://www.verican.us/cod6/adlisting.do?catalog=southvalleyclassifieds

http://www.verican.us/cod6/adlisting.do?catalog=southvalleyclassifieds

http://www.verican.us/cod6/adlisting.do?catalog=southvalleyclassifieds

I had the great fortune last week to attend YMCA of Santa Clara Valley's second annual Activate America Awards of Excellence. Sitting with 300 others from around the South Bay Area at the Marriott Hotel at Great America, I was very pleased to see South County leaders receive some unique and well-deserved recognition for the efforts taken by our hard working local folks to address the health issues in a variety of ways.

http://www.verican.us/cod6/adlisting.do?catalog=southvalleyclassifieds

Santa Clara County Board of Supervisors