The City of Santa Clara, CA, has developed an innovative approach to addressing the demand for affordable housing in a high-growth area. As opposed to inclusionary zoning, Santa Clara's approach claims its effectiveness and success is achieved through providing maximum value to homebuyers, minimizing the subsidy burden on homebuilders, and creating a mechanism for generating additional subsidy dollars for future affordable housing efforts. The attached materials outline the program home buyer requirements and give perspectives from builders, lenders, and homebuyers involved in the program.