Supervisors allocate another $6.5 million,
contingent on match from Palo Alto
Santa Clara County supervisors on Tuesday upped the ante in a bid to preserve the Buena Vista Mobile Home Park when they unanimously voted to allocate an additional $6.5 million toward the cause, contingent on a similar match from Palo Alto.
With little discussion, the Board of Supervisors voted to contribute $6.5 million from its affordable-housing fund for the purchase of Buena Vista. The new allocation raises the county’s potential contribution toward preserving Palo Alto’s sole mobile-home park to $14.5 million.
On June 29, the City Council will discuss Buena Vista and consider its next steps. If the council chooses to match the county’s contribution, the total set aside by the city and the county would go up to $29 million. All of the contributions pledged by the city and the county thus far would come from funds designated for affordable housing.
[Read full story…]