Palo Alto City Council
January 21, 2025

2024 NOFA Funding Alternative 1 ($5,000,000) ‐ Staff Recommendation Project Units Score Final  Rank NOFA  Request
Alternative 1 (Staff Recommendation)
Recommended NOFA Award Prior City Funding
Total City Funding
(Including Alternative
1 Amount)
Total City Funding per
Unit
(Including Alternative
1 Amount)
3001 El Camino Real ‐ Charities Housing 130 95 1 5,000,00 0$        5,000,000$                                                       ‐ $                                 5,000,000$                      38,462$ 801 Alma Street ‐ Eden Housing 50 67 2 1,893,23 0$        ‐ $                                                                  7,800,000$                      7,800,000$                      156,000$ Sheridan Apartments ‐ Alta Housing N/A N/A
NOFA Total 6,893,230$        5,000,000$
2024 NOFA Funding Alternative 2 ($6,893,230)
Project Units Score Final  Rank NOFA  Request
Alternative 2
NOFA Award Prior City Funding
Total City Funding
(Including Alternative
2 Amount)
Total City Funding per
Unit
(Including Alternative
2 Amount)
3001 El Camino Real ‐ Charities Housing 130 95 1 5,000,00 0$        5,000,000$                                                       ‐ $                                 5,000,000$                      38,462$ 801 Alma Street ‐ Eden Housing 50 67 2 1,893,23 0$        1,893,230$                                                       7,800,000$                      9,693,230$                      193,865$ Sheridan Apartments ‐ Alta Housing N/A N/A 0 $
NOFA Total 6,893,230$        6,893,230$