Buena Vista
Mobile Home Park
Regulatory Agreement
Updates
Presenters:
Chantal Cotton Gaines, Deputy City Manager
Albert Yang, Assistant City Attorney
August 24, 2026 Paloalto.gov
2 Buena Vista| Regulatory Agreements
Below are the Key Terms of the Regulatory Agreements for Parcels A and B Key Term Existing Regulatory Agreement Mobile Homes (Parcel B) Amended Regulatory Agreement
Apartments (Parcel A) New
Regulatory Agreement
Affordability
requirements
With exceptions for existing
residents with higher incomes:
• At least 40% of units affordable
to households at 30% AMI
• At least 40% of units affordable
to households at 50% AMI
• Remaining units affordable to
households at 80% AMI
Same Same
Expiration
Date
Year 2092 (75 years from 2017) Year 2101 (75 years from 2026) Year 2101 (75 years from 2026)
Total # of
Units
Maintain ≥ 100 residential units or
mobile home spaces
Maintain ≥ 46 mobile home
spaces
Maintain ≥ 54 residential
units, with delayed
implementation until 2033
3 Recommended Motion
Authorize the City Manager to execute and make non-substantive changes (e.g., editing recitals and adding APNs and legal descriptions) to the new and amended regulatory agreements and related documents to facilitate improvements to the Buena Vista Mobilehome Park at 3980 El Camino Real.