News

City entitled to millions in Stanford housing funds

Last Tuesday, county Supervisor Liz Kniss told the City Council that Mountain View is entitled to Stanford affordable housing funds, a resource expected to swell to $35 million over the next decade.

To offset the impact of ongoing development at Stanford, the university is required by the county to pay into the fund, which is earmarked for construction of housing affordable for those with "below moderate" income, Kniss said. The funds can be used within six miles of the university, which includes portions of Mountain View west of Highway 85, she said.

"A lot of Mountain View is eligible for this," Kniss said.

Among those who could use such funds is the North County Homeless Housing Coalition, which is working to build housing for low income workers and the chronically homeless.

Palo Alto has already used some of the money, which currently adds up to several million dollars. The fund is expected to grow to $35 million in 6 to 10 years as Stanford develops, Kniss said.

Daniel DeBolt

Comments

 +   Like this comment
Posted by Bruce Karney
a resident of Old Mountain View
on Dec 15, 2009 at 3:06 pm

I wonder what fraction of Mountain View residents have ever worked at Stanford, attended Stanford, or worked for a company founded by a Stanford alum? I'd guess at least 1/4 of us.

When I graduated from Stanford it seemed like every engineer rented their first apartment in Mountain View and went to work for HP or Lockheed or similar old-line tech companies.


 +   Like this comment
Posted by rhe299crew
a resident of Old Mountain View
on Dec 15, 2009 at 4:58 pm

We've got the wrong slate of politicians in council office right now to know how to use this money in a reasonable way. Given that fact, I would send all of the MV money to EPA.


 +   Like this comment
Posted by JB
a resident of Monta Loma
on Dec 15, 2009 at 6:10 pm

Good point rhe299crew, EPA is a lot better solution. The money could really be used there and it's a lot closer to Stanford.


 +   Like this comment
Posted by Lisa
a resident of Old Mountain View
on Dec 16, 2009 at 9:49 am

I help a chronically homeless man who asks for money at Safeway. He was made homeless because of medical bills from diabetes and no insurance. There are many people like him here in Mountain View who deserve to be out of the rain and cold. Poverty is all over, not just in EPA.


 +   Like this comment
Posted by cc
a resident of another community
on Dec 16, 2009 at 10:31 am

EPA is in San Mateo county...Mtn. View is not.
If EPA wants (and I think, deserves) the $$, get on the horn to a San Mateo county Supervisor who can help.


 +   Like this comment
Posted by the299crew
a resident of Old Mountain View
on Dec 16, 2009 at 1:46 pm

The easy answer is to leave the money on the table. However, we seem to have a bunch of affordale housing issues up for grabs right now. Those potential occupants use roads, schools, parks, utilities, etc., just like those of us in the unaffordable housing sector. Why not use some of this Stanford extortion money on infrastructure that all of the people can use? This seems too logical to be legal I must admit.


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