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Loving: Measure E will help reduce and prevent homelessness in San Jose

Legal & Finance
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We can solve homelessness in San Jose. We have effective, proven solutions but continue to lack the resources needed to scale them to meet the enormous need in our community. But, the good news is that on Tuesday, March 3, San Jose voters can help achieve this goal by voting in support of Measure E.

Measure E will provide critical funding to address our homelessness crisis and make San Jose more affordable for the families who struggle most. The measure will generate tens-of-millions of dollars annually to build more affordable housing for our lowest-income residents, expand homelessness prevention programs and fund other critical housing strategies.

Measure E would raise these revenues by increasing the city’s transfer tax only on properties worth more than $2 million — and only when they are sold — limiting the impact to 2% of all property owners in our city and ensuring that almost all of the revenue generated will come from developers and large companies..

Read full article here: resimplified.me/31tMSIG