https://www.siliconvalley.com/2024/12/11/san-jose-multi-family-housing-incentives-development-construction/

After San Jose saw zero market-rate, multi-family buildings over 20 units start construction this year, city officials hope a temporary incentive program will help spur developers to put a few shovels into the ground at a time when the city desperately needs housing.

The City Council has approved a 50% reduction in construction taxes for the first 1,500 units of projects in designated growth areas that submitted complete applications by June 2022 and receive a building permit by the end of next year. The city will also apply a 25% reduction in those taxes for up to 8,539 units of eligible projects starting in 2026.