Mountain View Whisman School District

Agenda Item for Board Meeting of 3/10/2022

Agenda Category:  CONSENT AGENDA

Agenda Item Title:  Approval of Budget Transfer for 231 Grant Avenue Staff Housing

Estimated Time: 

Person Responsible: 

Rebecca Westover, Ed.D., Chief Business Officer

Background: 

Mercy Housing California (MHC) and Abode Communities are working in conjunction with the County of Santa Clara, represented by County Supervisor Joe Simitian, Facebook, the City of Palo Alto, and participating school districts in Santa Clara and San Mateo Counties to develop new housing on a county-owned site. The property, located at 231 Grant Avenue in Palo Alto, offers an opportunity to create new high-quality, and much-needed, rental housing affordable for teachers, school employees, and their families. This new community will include studio, one- and two-bedroom apartments, amenity spaces, and landscaped gardens.

Mountain View Whisman will contribute $600,000 to the project and be allocated 12 units with a mix of 3 studio, 7 one-bedroom, and 2 two-bedroom units (subject to change).  The units will be offered to staff based on a lottery system and rent will be set between 60% AMI- 140% AMI.

$600,000 of unallocated Measure T funds will be transferred to staff housing.

It is recommended that the Board of Trustees approve the transfer of $600,000 of unallocated funds to fund 231 Grant Avenue Staff Housing.