Policy and Supply Response

San Jose advances plan to allow apartments in single-family neighborhoods (final changes late 2027). Prop 37 (3% down payment for new construction) on ballot. Greystar funds 400 Divisadero (203 units, 20 affordable). Developers break ground on 1,000+ SF apartments. Institutional capital wave continues: Bell Partners adds 195 units near Oyster Point. Fortinet's Sunnyvale land eyed for 137 townhomes.