City project
3001 El Camino Real Affordable Multifamily Housing Rental Project
130-unit affordable multifamily rental housing project.
- Current status
- Groundbreaking recently held.
- Location
- El Camino
August 19, 2026: Construction update
The City reported providing $5 million in housing funds for the development.
Read related coverageApril 20, 2026 county investment update
County staff reported a recent groundbreaking and identified the site among projects supported through $68 million in county investment.
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 coverageDecember 9, 2024 funding update
A requested $3 million allocation from Stanford Development funds would supplement financing, contingent on tax credits being allocated on Wednesday to the District Circle project in Los Altos, California. A tentative $13 million Measure A commitment was also referenced.
Read related coverage
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