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ATT 4 - Summary of Pipeline BMR Projects/Units (Phase 2 Requirements)

Mountain View City Council
December 12, 2023

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ATT 4 - Summary of Pipeline BMR Projects/Units (Phase 2 Requirements)
Meeting
December 12, 2023
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Mountain View City Council
Original file
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Text extracted from the city's file for reading and search. Open the original on legistar1.granicus.com. That file is the official record.

Attachment 4
BMR Project Pipeline (Current Requirements)
Table 1. Rental Pipeline Projects Subject to Current (Phase 2) BMR Requirements On-site BMR Unit Mix Total On-
site BMR
Units
Total
Units
% On-site
BMR
Units Project Address Studio 1 BR 2 BR 3 BR AMI
749 West El Camino Real TBD TBD TBD TBD TBD 44 299 21.1% 400 Moffett TBD TBD TBD TBD TBD 18 184 14.6%
730 Central Ave TBD TBD TBD TBD TBD 4 21 19.0%
601-649 Escuela Ave and
1873 Latham St 2 1 1 0 TBD 4 25 16.0%
870 West El Camino Real TBD TBD TBD TBD 80% 37 371 18.0% 400 Logue
6 2 0 0 30%-50%
62 407 15.2%
3 13 0 0 50%-80%
11 17 10 0 80%-120%
685 East Middlefield Rd TBD – On-site units v. alternative mitigation options being discussed 129* 860 15.0% TOTAL TBD-Proportionate w/market rate units TBD-Per BMR req 298 2,167 14.0% * 129 BMR units is what would be required on-site as the objective standard of the BMR Program. However, the applicant has discussed various options with staff, including on-site units, land dedication, or development of off-site units. Developer has not yet formally submitted a complete BMR compliance plan for staff to evaluate.

Table 2. Ownership Pipeline Projects Subject to Current (Phase 2) BMR Requirements On-site BMR Unit Mix Total On-
site BMR
Units
Total
Units
% On-site
BMR
Units Address Studio 1 BR 2 BR 3 BR AMI
1411-1495 W. El Camino Real TBD TBD TBD TBD TBD 15 99 15.2% 74 Devonshire TBD TBD TBD TBD TBD 3 10 30.0%
944 San Leandro TBD TBD TBD TBD TBD 10 38 26.3%
301/317 Moorpark Way TBD TBD TBD TBD TBD 4 22 18.2%
828 & 836 Sierra Vista TBD TBD TBD TBD TBD 5 20 25.0%
266 & 272 Tyrella TBD TBD TBD TBD TBD 5 47 13.9%
918 Rich Ave* 0 0 2 0 50% 4 32 16.0%
0 1 1 0 120%
TOTAL TBD-Proportionate w/market rate units TBD-Per BMR req 46 268 17.2% *Project was approved with a subdivision map but intends to rent the units first and sell the units later when market conditions improve.

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