Could Troubled San Jose Hotels Be Transformed Into Affordable Housing?
He says he wants to find ways to help struggling owners convert their properties. Liccardo says the death of redevelopment agencies has limited the city’s ability to finance affordable housing. “Based on conversations with developers, many of these motel units can be converted with the installations of kitchenettes and other minor modifications that can make for high quality, affordable housing for our workforce," Liccardo says.
Liccardo wants the city to use tax credit financing or other methods to encourage owners to convert the units, but he says that idea needs more study.