"The city passed legislation nearly 18 months ago requiring property owners to retrofit their multi-story, wooden-frame buildings with at least three units constructed before 1990. It delayed implementation, however, when the federal government rolled back significant funding to facilitate the repairs. But after a court-granted injunction required the release of some of those federal funds, the city approved a $1.6 million pilot financing program in hopes of rolling out a larger critical life-safety initiative in the future."
"We're pulling a million dollars from housing resources to invest in this unit preservation and then, utilizing that test run, to set us up for execution of a larger FEMA grant or other resources that may come in, Housing Director Erik Solivan said Tuesday."
"When San Jose passed its seismic retrofit mandate in 2024, city officials warned that a major earthquake could cause billions of dollars in damage to its older buildings. With the city situated between the San Andrea, Hayward and Calaveras fault lines, they estimated damage could range from $4.7 billion to $14.9 billion in addition to displacing thousands of residents."
San Jose passed a 2024 seismic retrofit mandate requiring property owners to retrofit multi-story wooden-frame buildings with at least three units built before 1990. Implementation was delayed after the federal government rolled back significant funding, but a court injunction prompted the release of some federal funds. The city approved a $1.6 million pilot financing program and allocated $1 million from housing resources to test financing and position for a larger FEMA grant or other resources. City estimates identify 17,000 apartment or condo buildings with three or more units, 2,600–3,600 built before 1990, housing 18,000–25,000 units (5–7%).
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