CC 09-04-2024 Item No. 14. Mary Avenue_PresentationSeptember 4, 2024
Review City Work Program Funding to Develop
New Extremely Low Income and BMR Housing
Units for Developmentally Disabled Individuals on
City-Owned Property Along Mary Avenue
CC 09-04-2024 Item No. 14
Background
●Since FY 2021-22, City Work Program has included Mary Avenue
Project Site to develop extremely low-income housing (ELI) for
intellectually and developmentally disabled (IDD) community.
●February 6, 2024, City Council approved an Exclusive Negotiation
Agreement (“ENA”) with the nonprofit public benefit corporations
Cupertino Rotary Housing Corporation, Housing Choices Coalition
for Persons with Developmental Disabilities, Inc., and Charities
Housing Development Corporation of Santa Clara County.
●Project envisions a 100% affordable, forty (40) unit, two-story,
apartment development.
●18 units for Special Needs population.
●21 units will serve extremely low and very low-income
residents of the community.
Analysis
Allocated Spent Remaining
Work
Program
Funding FY
2024-25
$250,000 $15,000 $235,000
●No additional fiscal impact would incur should City Council
direct remaining appropriated funds to be utilized for entitlement
review.
●Staff recommends City Council utilize remaining allocated
funding to cover staff and consultant’s time and costs for project
review.
●Should City Council deny use of appropriated funds, remaining
amount would remain in City’s BMR Affordable Housing fund for
future uses.