CUPERTINO RESIDENTS FACING displacement because of rising costs and expiring contracts may find a reprieve through new city policy.
The Cupertino Housing Commission unanimously recommended implementing anti-displacement policies last month to help residents living in 114 affordable homes where rents will likely skyrocket to market-rate value by 2040. The policies include a push to prioritize residents facing displacement, largely due to expiring deed restrictions, on the city’s affordable housing waitlist. The policy could require private property owners to pay relocation assistance. This could range from $7,149 to $13,275, about three months of Santa Clara County fair market rent as of 2024 based on home size.
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