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https://n2v.almanacnews.com/square/print/2019/07/11/facebook-housing-program-helps-teachers-stay-local

Town Square

Facebook housing program helps teachers stay local

Original post made on Jul 11, 2019

When the Menlo Park City Council approved Facebook's campus expansion in 2016, it required the company to help address some of the challenges associated with its presence in the city, such as the impact on housing costs.

Read the full story here Web Link posted Thursday, July 11, 2019, 8:43 AM

Comments

Posted by Mutti
a resident of Menlo Park: Belle Haven
on Jul 11, 2019 at 3:56 pm

This is a drop in the bucket. Few teachers make $80K a year in EPA or Belle Haven. And saving $1400 on a $3,000/month apartment still costs too much for most families in EPA/BH. Facebook adds thousands of jobs in this area, and is planning for more. 22 subsidized apartments doesn't help much. Ravenswood District (EPA/BH Schools) has about 400 employees. And the great teachers are leaving for jobs in South Santa Clara County or the East Bay where their commute is shorter. We need a big crash!

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Posted by Lynne Bramlett
a resident of Menlo Park: Central Menlo Park
on Jul 14, 2019 at 12:51 pm
Lynne Bramlett is a registered user.

Does anyone know why the program now costs Facebook "about $1 million a year, up from the anticipated $430,000." The article quotes Perkins on the matter, but doesn't include the cause.

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