Mountain View Whisman School District
Agenda Item for Board Meeting of 2/9/2023
Agenda Category: CONSENT AGENDA
Agenda Item Title: 231 Grant Avenue Staff Housing Funding Agreement
Estimated Time:
Person Responsible: Rebecca Westover, Ed.D., Chief Business Officer
Background:
Mercy Housing California (MHC) and Abode Communities 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 are developing 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.
Fiscal Implication:
$600,000 from Measure T funds.
Recommended Action:
It is recommended that the Board of Trustees approve the 231 Grant Avenue Staff Housing Funding Agreement.
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