Resumen
Mountain View, like many Bay Area communities, faces a housing attainability crisis, with home prices far exceeding what most residents, including essential workers such as teachers and nurses, can afford. To address this, the City is exploring ways to create moderate-income homeownership opportunities on a 1.4-acre City-owned parcel in the North Bayshore neighborhood. The Urban Land Institute convened a panel of real estate professionals to assess the site and recommend feasible development options for attainable for-sale housing targeted at middle-income households earning 80-150% of the area median income.

The panel evaluated three scenarios: townhomes, five-story multi-family condominiums, and eight-story condominiums, each with different unit counts and financial implications. The City will need to address parking requirements, affordability restrictions, and funding gaps through tools such as down payment assistance programs and public financing. 

Next steps include engaging developers and economic consultants to refine these concepts and ensure that long-term affordability is both sustainable and attractive to moderate-income buyers. If implemented, this initiative could provide a much-needed pathway to homeownership for Mountain View's essential workforce and help stabilize the community for years to come.
Mountain View, like many Bay Area communities, faces a housing attainability crisis, with home prices far exceeding what most residents, including essential workers such as teachers and nurses, can afford. To address this, the City is exploring ways to create moderate-income homeownership opportunities on a 1.4-acre City-owned parcel in the North Bayshore neighborhood. The Urban Land Institute convened a panel of real estate professionals to assess the site and recommend feasible development options for attainable for-sale housing targeted at middle-income households earning 80-150% of the area median income.

The panel evaluated three scenarios: townhomes, five-story multi-family condominiums, and eight-story condominiums, each with different unit counts and financial implications. The City will need to address parking requirements, affordability restrictions, and funding gaps through tools such as down payment assistance programs and public financing. 

Next steps include engaging developers and economic consultants to refine these concepts and ensure that long-term affordability is both sustainable and attractive to moderate-income buyers. If implemented, this initiative could provide a much-needed pathway to homeownership for Mountain View's essential workforce and help stabilize the community for years to come.