Los Altos Planning Commission has approved a 100 percent affordable housing project for development at 330 Distel Circle, Los Altos. The project proposal includes the construction of a five-story apartment community offering dwelling units at affordable rates.
EAH Housing is the project developer. KTGY Architects is responsible for the designs. Jett Landscape Architecture + Design is responsible for the landscapes.
The project site is a parcel spanning an area of one acre. The project will bring a five-story apartment complex, offering 90 dwelling units at affordable rates; 88 below-market-rate units, with half of those dedicated to extremely low income, and two market-rate manager units. The apartments will be designed as a mix of studios, one-bedroom, two-bedroom, and three-bedroom units.
The median household income in the area is about $240,000 per year. The apartments will be available for individuals and households earning 30-80 percent of the area’s median income.
Onsite parking will be provided for 90 vehicles, nine Electric Vehicle spaces, and 45 indoor bicycle spaces. Residential amenities include a common courtyard, co-work areas, and a multi-purpose community room.
The building is located within a half-mile of a major transit stop, as well as additional bus stops, providing transit options for its residents. Construction on the project is expected to kick-off sometime in early 2024. The apartments are expected to be available for leasing in 2026.
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FYI 30% of $240,000 is $72,000. And 80% of that is $192,000. That’s absolutely insane! This development may use the region-wide AMIs instead, which are a lot lower.