Circulate submitted a letter in support of the City of San Diego's proposed inclusionary regulations update. Circulate supports the proposed amendments understanding that, were it to stand-alone, it may result in a cooling on production levels and an increase in market rate rents. We are encouraged to see the proposal’s staff report express the need to coordinate and offset the added cost resulting from the proposed inclusionary regulations.
The City of San Diego should continue efforts to reduce the cost of development, and to offset any added costs that may result from the inclusionary update, including through incorporating recommendations outlined in Circulate's letter.
Read the full letter here [PDF].