As San Jose grows and becomes more expensive, too many hardworking families are being forced out of the city they love. San Jose needs housing to reduce the hours and hours of time workers spend commuting. Affordable housing can reduce commute times and help decrease emissions that lead to pollution and contribute to climate change.
Measure V authorizes $450 million of general obligation bonds to acquire, construct and complete affordable housing in San Jose. Alleviating the critical shortage of affordable housing is essential to creating Bay Smart Communities that improve Bay Area sustainability. Measure V will produce and preserve housing with access to transit so more low-income and middle-income residents aren’t displaced, and can live close to work without long drives that emit pollution and greenhouse gasses that worsen climate change.Measure V will also help get chronically homeless residents off local streets, out of underpasses, neighborhood parks and creeks, and into safe and permanent housing, benefitting public health and safety and reducing trash pollution. The city’s ongoing struggle with homelessness is one of the most striking in the region, with encampments along creeks and rivers that send toxic levels of trash and human waste into the waterways, flowing directly into the Bay. San Jose declared a shelter crisis in 2015, and last year’s Homeless Census and Survey found 4,350 homeless individuals in the city, 74 percent of whom live unsheltered on a given night. These statistics likely underrepresent the shortage.
Measure V will leverage matching investments from state and private funds, and it includes strong oversight to ensure spending goes toward meaningful housing solutions, with mandatory audits and full public review.
Measure V was placed on the ballot by San Jose Mayor Sam Liccardo and 10 members of the San Jose City Council. Measure V also is endorsed by the League of Women Voters, Silicon Valley Leadership Group, SV@Home, Habitat for Humanity, Non-profit Housing Association of Northern California, SPUR, Working Partnerships USA, and the San Jose Mercury News. Passage of Measure V requires a 2/3 majority of votes cast in San Jose.