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Santa Clara County secures massive funding from Stanford University

The headline in the Daily Post (#1 in Palo Alto and the Mid-Peninsula) is

"STANFORD HIT WITH HOUSING BILL"

….. and then underneath

"$155.8 million for expansion".

Yes,  you read that correctly, Stanford is paying Santa Clara County over $150,000,000 for permission to expand.

This is such good news.  The money goes to affordable housing in the County exchange for expansion of academic buildings associated with Stanford University.

Bravo Santa Clara County!

There is also an additional requirement to build affordable housing on campus.

Gosh, it is so refreshing when a university provides valuable resources (like cash) to the local areas where it is located.  

Way to go Stanford!!

John

Posted by

John Troidl

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Comments

2 responses to “Santa Clara County secures massive funding from Stanford University”

  1. Eileen Samitz

    This is astonishing. Why did the City of Davis not get a similar agreement rather then the incredibly disappointing new MOU where the City conceded and compromised the best interests of the City. But why ?
    Look what Santa Clara accomplished as well as Santa Cruz has and is continuing to accomplish to have these universities work with their host cities without continuing to be opportunistic to our City;s and to these university students needing housing . On campus housing is the only way to assure long term student affordable housing.
    Market-rate housing off-campus housing costs can never be controlled and will continue to rise into the future. On-campus housing is the only way to control student housing costs long term because, basically, the land is free. This is why the UCs are building at least 50% on campus housing. All, EXCEPT, UCD which is the largest UCD with the largest campus in the UC system.
    UCD has over 5,300 acres, with a more than 900-acre core campus. It is inexcusable that UCD is not committing to building far more student beds on campus since they have SO much land and they have plenty of resources to do so.
    In addition, UCD is also seriously delinquent since they can build far higher density student housing on campus which would yield far more student beds. UCD’s participation in this MOU is embarrassing. UCD continues to be opportunists upon their students as well as Davis and surrounding communities.

    Reply
  2. John Troidl

    More from the Daily Post (Wednesday, September 26th) on housing for Stanford University students: “The five-member board (of supervisors for Santa Clara County) also unanimously approved a second ordinance that will require Stanford to build affordable housing on or near campus……. Of the rental units Stanford builds 15% will have to be affordable to extremely low-income and very low-income tenants, 45% have to be affordable to low-income and 40% for moderate income”.
    This is remarkable. I wonder if UC Davis, when considering its housing options, has ensured that it is aware of what is possible by examining the successful housing activities of other universities in Northern California and elsewhere. This kind of market research is fairly basic “homework”…..
    John

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