On Tuesday morning, June 23, 2015 the Santa Clara County Board of Supervisors will meet to consider a proposal by Supervisors Joseph Simitian and Dave Cortese to set aside an additional $6.5 million from the County’s Stanford GUP Affordable Housing Fund to be used to provide a portion of the necessary funding to secure deed-restricted affordable housing units at the Buena Vista Mobile Home Park.
The meeting will begin at 9:15 AM in the Board of Supervisor’s Chambers in the County Government Building at 70 West Hedding Street in San Jose. [Directions]
If the proposal is passed by the Board of Supervisors, the total set-aside from the Stanford GUP Affordable Housing Fund would be $14.5 million, subject to further authorization by the Board of Supervisors. County funds will be set aside contingent on a 1:1 match with funds set aside by the City of Palo Alto… Requiring a 1:1 match with City funds would ensure the local commitment necessary for this project to be successful. This is an opportunity for the County to leverage its limited funding, and to act effectively on our oft-stated commitment to affordable housing.
The full text of the proposal is available here.