Mountain View

Overview

Danco Communities is proposing to redevelop the 96 W. El Camino Real site into a 70-unit, 5-story affordable housing project. Danco is proposing a Large Family development concept that will not only achieve threshold requirements, but will have a very competitive tie breaker for 4% LIHTC/CDLAC funding in light of recent Bay Area awards. The preliminary financial stack contemplated includes Mountain View’s currently-open Housing Trust Funds NOFA in addition to the 4% LIHTC/CDLAC funding. These funds will be complimented with available predevelopment and permanent funding from the Silicon Valley Housing Trust. Danco’s proposal shows a 5-story building over a single level of underground parking. The ground floor preliminarily shows leasing and tenant services space as well as residential units.