REPORT TO COUNCIL
SUBJECT
Title
Consider a Below Market Rate (BMR) Alternative Compliance Plan for Residential Development at 1124 W. El Camino Real: Applicant: DeAnza Properties, Planning File 2024-0780
Report
SUMMARY OF COMMISSION ACTION
The Housing and Human Services Commission (HHSC) considered this item on June 25, 2025 (see Attachment 1 for Report to HHSC).
The HHSC voted to approve Alternative 1: Recommend approval of the Applicant's BMR Alternative Compliance Plan for the project located at 1124 W. El Camino Real. The vote was 7-0. An excerpt of the minutes is provided in Attachment 5.
FISCAL IMPACT
Through this Alternative Compliance Plan, the City is likely to receive over $17 million in Housing Impact Fees, which can be used for new affordable housing projects and/or programs to be determined at a future date. This approach allows the City to use these funds to assist nonprofit development partners in building a considerably larger number of units for extremely low-, very low- and low-income households in the community. Since the project was previously expected to pay a Housing Impact Fee for the rental units, staff anticipated that the revenue would be available to support affordable housing developments throughout the City.
PUBLIC CONTACT
Public contact was made by posting the Council meeting agenda on the City's official-notice bulletin board at City Hall, at the Sunnyvale Public Library and in the Department of Public Safety Lobby. In addition, the agenda and this report are available at the City Hall reception desk located on the first floor of City Hall at 456 W. Olive Avenue (during normal business hours), and on the City's website.
ALTERNATIVES
1. Approve the Applicant's BMR Alternative Compliance Plan for the project located at 1124 W. El Camino Real as shown in Attachment 2 to the report.
2. Approve the Applicant's BMR Alternative Compliance Plan for the project located at 1124 W. El Camino Real, with modifications (such as a blend ...
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