(04-05-2024, 08:17 PM)82lsju Wrote: (04-05-2024, 06:30 PM)TrumpCard Wrote: (04-05-2024, 04:36 PM)gocard14 Wrote: Interesting. I wonder if grad student housing qualifies as low-income housing. Certainly many grad students qualify as low income, but making the housing Stanford exclusive may nullify that? Devil will be in the details as with most laws.
I don't think Stanford could build housing exclusively for grad students that would qualify as "affordable housing" for purposes of any statute. Stanford grad students might well qualify based on their income, but good luck to them getting a slot. Section 8 housing is in high demand, Section 8 residents typically stay for a long time, and waiting lists for such housing tend to be long. Grad students would be unlikely to get many/any slots because they don't tend to stay in one place for a long enough period of time.
I was talking about Stanford making an investment in building affordable housing on undeveloped land to rent to low income residents without regard to their affiliation with Stanford. The university would have to be motivated primarily either by altruism or by economics (since Section 8 housing can produce solid and reliable revenue streams). Without the new statute, Stanford couldn't really consider such an investment because the university needed to use all its available square footage to provide housing for its own. If this statute effectively exempts statutorily compliant "affordable housing," then it might change Stanford's decision calculus.
Stanford has been buying off campus housing for affiliates to rent for some time and it has been controversial
https://www.paloaltoonline.com/news/2023...rd-campus/
Thank you for sharing this article. The real estate decisions Stanford makes both for its land and land it now controls in nearby communities will have a tremendous impact on its future. This should be one of the top priorities for President Levin as his predecessor screwed up in this regard.
Specifically Stanford needs to change the nature of the relationship with Santa Clara County. Previously Santa Clara was a difficult entity to deal with but Stanford pretty much got what it needed. Then in 2019 Santa Clara refused to even discuss an update to Stanford's general plan unless Stanford agreed to limit car trips to what had previously been agreed in the prior general plan. Stanford decided it wasn't worth engaging with Santa Clara on that basis. In the meantime there has been a statewide shift in favor of producing new housing. Stanford should have used this sea change in thinking to get back to the table with Santa Clara with a housing element at the forefront of the discussions. Instead Stanford failed to take the intitiative and once again was dictated to by Santa Clara.
Stanford should have considerable interest in building more housing so this can be on the table. Stanford needs to decide what its other priorities are. Personally I want to see a big increase in the size of the undergraduate population. Not sure what else Stanford needs over the next 10-20 years. In retrospect it committed too much of its buildable square footage to the two hospitals so other priorities, like student housing and more academic buildings, got short changed.
Finally if Santa Clara and surrounding communities want Stanford to build more housing there is probably common ground for Stanford to make contributions for schools and public safety. This would undercut the arguments of Stanford not paying property taxes for housing on their land and in adjacent comminities. Unlocking the housing element would probably allow Stanford to undertake its non-housing development.
President Levin has many challenges on his plate. I hope he puts land use and political relationships at the top of his list.