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Stanford drops legal challenge to Santa Clara County's affordable-housing law

Original post made on Dec 21, 2020

After two years of litigation, Stanford University had withdrawn its challenge to a county law that requires residential developers to devote 16% of their new units to below-market-rate housing.

Read the full story here Web Link posted Saturday, December 19, 2020, 8:51 AM

Comments (4)

Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Dec 21, 2020 at 10:06 am

Online Name is a registered user.

How special of Stanford which has been on the wrong side of much lately, like fighting for cheaper H1B visa workers vs US workers, ridiculously claiming that its huge expansion won't add one single car trip to the congestion, suing Redwood City neighbors who object to its noisy 24-hour construction schedules and of course cutting healthcare workers' pay "due to the pandemic" and now its recent vaccine fiasco.

By the way, I've been noticed in the PA real estate transaction listings that when Stanford is the purchaser the new sales prices are consistently lower than previous sales prices, quite a feat in our real estate market.


Posted by SJW
a resident of College Terrace
on Dec 21, 2020 at 10:48 am

SJW is a registered user.

Is Stanford still allowed to count dormitories as low income housing? That's how they've met their quotas in the past, which of course is absurd. Hopefully they will be forced to provide housing for the low income service providers like those people who clean the dorms and trim the plants, etc.


Posted by Marie
a resident of South of Midtown
on Dec 21, 2020 at 2:00 pm

Marie is a registered user.

Once again, politicians are allowing Stanford and other companies wanting to build housing to buy their way out of providing the low income housing the county so badly needs. The cost of the buyout, $295k per unit, is far below the actual cost of building low income, given the cost of land or more importantly, the total lack of land to build on. Why not encourage Stanford to donate land to be used for low income housing? Stanford wins again.


Posted by [email protected]
a resident of Mountain View
on Dec 21, 2020 at 10:54 pm

[email protected] is a registered user.

Marie,

You are so right about how the lobbyists made it so instead of actually building inclusive housing, they can get away with a "legal" bribe.

They just add that cost to he purchase price of the housing, or the rent price they target.

Hopefully in some way a permanent population reduction of the "high-income" residents will force a price drop, of possibly leave some housing providers that were "ZOMBIE" companies already will foreclose and the new state laws will allow non-profit NGOs take them over.

I am surprised that so many rental businesses haven't declared bankruptcy yet., Palo Alto rents are the same they were in 2014, which means unless they are depending on appreciation of the property, they are losing money. Or they are not maintaining their properties by cutting costs which will depreciate the value of the property as well.

These "ZOMBIES" should have filed for bankruptcy in the summer.


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