$88.7M for 84 units is a bit over $1M per unit... I guess the question is, affordable for whom?

Building costs of over $1M per unit?

There are 12 2-bedroom condos available right now in Mountain View with a list price of under $1M. Why not just buy those and then buy more of them as more become available? Or even better just subsidize rents for each family for the next 16 years to the tune of $5,000 per month per family?

Am I mathing this all wrong?

My only concern is 44 parking spaces for 84 units and probably 150 cars. Where are people going to park? Still can’t live around here without a car. City should demand one space per unit. I’m glad to see subsidized housing though.

@catabyte I like your math.
Seems some of our Council members are doing the math based upon only the money coming directly from the city and thinking it is a bargain, but hey, guess where the county money is coming from? Right! Its us taxpayers AGAIN.
We can solve our housing problems much faster if we STOP BUILDING MORE OFFICE SPACE.

@drslb, people with incomes that qualify them for subsidized housing like this will have one car per household or less. Transit access is pretty good at this site

have to agree: no more office space until housing is under control. Also why not just buy housing units on the market? Supports the market, but $1M per unit, really?

housing on-the-market / ah Exactly how old and what is the HOA contribution per month and what is the Fully Funded Maintenance Reserves of these (bargin?) places?

Although I think this is not an entirely poor idea. It would spread the poor among more areas and avoid concentration. The "neighborhood" elementary school serving this area (Theuerkauf) is already one of the poorest. And Stevenson Segregation enrollment policy of the MVWSD does not give any 'lottery weight' to try to make the Economically Disadvantaged demographic at ST match the district-wide %. ST has about a 6X less (S)ED component! (talk about Wealth privilege or "Stevenson Exceptionalism")

To be clear, the last comment must be referring to the earlier one about 12 2 bedroom condos being on the market in Mountain View for under $1 M.

Wow that's a well kept secret. How quickly do this bargain condos sell? Yes, it would be key to know the monthly HOA fee which could easily be $500 per month. I guess you have to be a real estate agent to get access to what condos are for sale all over the city like that. The condo projects vary considerably. I know one complex which was built in 1964 and converted to condos in 1981. Those were mostly 2 bedroom units, 1000 sq ft, each with a single reserved carport space and less than 1 uncovered additional space that isn't reserved. So, you have to consider the fact that HOA's have the ability to add special assessments as needed, and a 50 year old complex like that is going to need some at some point! So it's not apples to apples to compare an old old building to something built brand new. The old stuff doesn't even have fire sprinklers and won't be as earth quake safe, etc.

Shoreline and Montecito has a shopping center that includes a Safeway, and it's a 14-minute walk to Castro St and the Mountain View Transit Center. It's a perfect place to provide the option for some of our neighbors to live car-free.

Every parking space is a setback in our fight against catastrophic climate change. It's a matter of simple geometry and physics. Cars take up tons of space, even when not in use, and they weigh a lot, so they take lots of energy to move around (even if they're 100% electric some day). Providing the option for some of our neighbors to live car-light or car-free lifestyles is the least we can do to reduce carbon emissions.

I just wish the proposed building were taller! Why only five stories at such a prime location?