How fighting affordable housing nearly bankrupted one of America's richest towns [Los Angeles Times (CA)]
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Source: Los Angeles Times
The 4,400-person town, which counts LinkedIn co-founder Reid Hoffman and other tech executives among its residents, faces deep-pocketed resistance from opponents to housing developments who've threatened lawsuits and launched political action committees. Some residents believe the town's location amid wildfire and seismic risks makes it unrealistic to develop denser housing. PORTOLA VALLEY, Calif. — On a Sunday afternoon a few years ago, about a dozen neighbors held a meeting with Craig Hughes, who was then the mayor of Portola Valley. The backyard gathering in the small, wealthy Silicon Valley enclave was civil, Hughes said, but his constituents left an unmistakable message. If Hughes and other town leaders produced a state-mandated affordable housing plan that wasn't to the residents' liking, they should expect a battery of litigation that could lead to Portola Valley's bankruptcy . In a sign of their seriousness, one couple already had hired an attorney well-versed in Californ
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