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.
96 W. El Camino Real Mountain View, CA
This institution is an equal opportunity provider and employer