City project
3001 El Camino Real Affordable Multifamily Housing Rental Project
130-unit affordable multifamily rental housing project.
- Current status
- Under construction.
- Location
- 3001 El Camino Real, Palo Alto, CA
August 19, 2026: Construction update
The City reported providing $5 million in housing funds for the development.
Read related coverageDecember 15, 2025: Conduit financing approved
Council approved TEFRA-related conduit financing for the project, including CMFA revenue bonds not to exceed $80 million.
Read related coverageJanuary 21, 2025 funding commitment approval
Council approved the conditional funding commitment through the consent calendar.
Read related coverage