Read the full story here Web Link posted Friday, December 11, 2015, 11:57 AM
https://n2v.almanacnews.com/square/print/2015/12/11/menlo-park-has-14-million-in-its-affordable-housing-fund
Town Square
Menlo Park has $14 million in its affordable housing fund
Original post made on Dec 11, 2015
Read the full story here Web Link posted Friday, December 11, 2015, 11:57 AM
Comments
Posted by Joseph E. Davis
a resident of Woodside: Emerald Hills
on Dec 11, 2015 at 2:32 pm
a resident of Woodside: Emerald Hills
on Dec 11, 2015 at 2:32 pm
It would be wiser to disband this fund and give $425 to each resident of Menlo Park to do with what they wish.
Posted by SteveC
a resident of Menlo Park: Downtown
on Dec 11, 2015 at 3:11 pm
SteveC is a registered user.
a resident of Menlo Park: Downtown
on Dec 11, 2015 at 3:11 pm
SteveC is a registered user.
I see Grinch is alive and well with his usual bah humbug.
Posted by Stop the Trolls
a resident of another community
on Dec 11, 2015 at 4:16 pm
a resident of another community
on Dec 11, 2015 at 4:16 pm
Looks like our representative of the 1% is back again.
Sorry, Joseph E. Davis, but if you actually bothered to venture outside of Woodside, you would be better off for it. Then, you would know what *real* people are dealing with...
Posted by buy properties
a resident of Menlo Park: Allied Arts/Stanford Park
on Dec 11, 2015 at 5:06 pm
a resident of Menlo Park: Allied Arts/Stanford Park
on Dec 11, 2015 at 5:06 pm
aren't there nonprofits like Habitat for Humanity that will build houses? They need properties where they can build them, though. Seems like a reasonable public-nonprofit partnership worth pursuing.
If the city required more developers to build units rather than contribute to a fund, the units would exist.
Posted by teacher
a resident of another community
on Dec 11, 2015 at 7:46 pm
a resident of another community
on Dec 11, 2015 at 7:46 pm
Can teachers afford to live in the communities even close to where they work?
Not here in the bay area.
We're needing to commute further and further.
Maybe affordable housing for bay area educators would be thoughtful and wise.
Posted by Agrihoodie
a resident of Menlo Park: Downtown
on Dec 12, 2015 at 2:12 pm
a resident of Menlo Park: Downtown
on Dec 12, 2015 at 2:12 pm
Would anyone else like to see this happen with these funds?
Web Link
Posted by really?
a resident of Menlo Park: other
on Dec 12, 2015 at 4:10 pm
really? is a registered user.
a resident of Menlo Park: other
on Dec 12, 2015 at 4:10 pm
really? is a registered user.
For those interested, the money Menlo park puts up is usually just one of six or seven funding sources for every low income apartment, project, VA home, affordable unit, homeless shelter, etc. Often the money we out up is a requirement to secure matching funds from the state and other entities. And it's almost always a social housing landlord or developer completing the project and arranging the very complicated funding structure.
It's almost unheard of for a city on their own, to build and manage low income housing these days. But we do contribute.
And a forgotten fact- all of us pay exactly $1.75 a person to fund the Federal Affordable Housing Tax Credit. Hooray!
