An area housing developer is in search of group suggestions on its plan to construct as many as forty eight under-market housing models in Menlo Park.
MidPen Housing, a nonprofit developer that has typically partnered with the town on reasonably priced housing tasks, has two undeveloped parcels within the Belle Haven neighborhood the place it needs to place up the houses. Underneath its tentative proposal, as many as 27 under-market rental models could possibly be constructed at 1283 Willow Street and up 21 under-market possession houses at 335 Pierce Street.
At a Dec. 6 assembly looking for group enter, about 30 individuals stated they’d additionally wish to see a restaurant, small pharmacy, shared work area or a financial institution department on the 1283 Willow Street website. MidPen is pitching between 18 and 27 rental models there, relying on whether or not a 3-story or 4-story constructing is constructed, with three,500 sq. ft of neighborhood-serving area on the bottom flooring.
It might assign six of the housing models to academics and an as-but unspecified quantity for younger adults transitioning out of foster packages. The county would contribute $936,000 if housing for the latter is offered, MidPen senior challenge supervisor Nesreen Kawar stated.
The 335 Pierce website could possibly be two to 4 tales excessive and include between 10 and 21 houses focused at households of 4 making between $a hundred and five,350 and $138,350 a yr. The acquisition worth might vary from $335,000 to $550,000, deed-restricted for fifty five years to guard the resale worth.
MidPen publicist Beth Fraker stated residents have been enthusiastic about the potential of house possession on the Pierce website. The newest report from Hiya Housing, which runs the town’s under-market-fee program, exhibits there are 139 eligible households both on possession or rental ready lists. There are presently sixty five proprietor-occupied under-market models within the metropolis.