News

Affordable housing project on track

50-unit complex to be built at Evelyn, Franklin streets

City Council members indicated they had no major issues with a plan for 50 affordable family apartments at Evelyn and Franklin streets, which is set for approval this summer.

In a April 27 study session the council discussed an environmental study and the project's $25.6 million budget, which includes a $7 million loan from the city's affordable housing fund and a $13 million federal tax credit. Partly because of high quality materials, each unit will cost $502,354 to construct.

Depending on a family's income level and the size of apartment needed, rents will range from $563 to $1,600 for one-, two- and three-bedroom apartments, saving residents from $215 to $1,157 compared to a market rate apartment of the same size.

Units would be made available in a lottery to qualified families living on less than 60 percent of the area median income.

Residents of the condos next door at 108 Bryant Street did not speak in opposition to the project at they have in previous meetings, although their opposition likely played a part in its latest design, which places a courtyard between the two buildings and removes a driveway that would have run along the adjoining property line.

Comments

 +   Like this comment
Posted by Fred
a resident of Old Mountain View
on May 6, 2010 at 2:15 pm

Affordable housing development across from the MV police department WTH!


 +   Like this comment
Posted by Garrett
a resident of another community
on May 7, 2010 at 3:52 am

Looks very nice and much better then here in Napa, 750,000 dollar condos across from Couny jail.


 +   Like this comment
Posted by Jasper Dankworth
a resident of Blossom Valley
on May 11, 2010 at 3:23 pm

"Affordable Housing" means the police will be spending alot of time over there...


 +   Like this comment
Posted by Bruno
a resident of Old Mountain View
on May 12, 2010 at 11:09 am

Jasper,

I disagree with your reasoning. I'm not sure "affordable" means what you think it means in Mountain View.

Also, "a lot" is two words.


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