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Council selects Alta Housing to negotiate exclusive agreement for 100% affordable Lot T project, directs resident‑only parking scenario and higher‑floor study

2150883 · January 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Palo Alto’s City Council on Tuesday named Alta Housing as the preferred development partner for a proposed 100‑percent affordable housing project on city‑owned Lot T and directed staff and Alta to pursue a resident‑only on‑site parking approach while studying designs up to seven stories.

The Palo Alto City Council on Tuesday directed staff to enter exclusive negotiations with Alta Housing to develop a 100‑percent affordable project on Lot T (Kipling and Lytton), and gave preliminary design direction: favor on‑site resident parking only (staff’s “scenario A”), allow up to seven stories and seek to maximize total units while preserving a focus on family-sized units.

Why it matters: Lot T is a half‑acre city‑owned surface parking lot near University Avenue and Caltrain. The council’s action starts a public‑private partnership intended to deliver at least 50 affordable units as the first phase of a broader program to develop city land for affordable housing and meet the city’s Regional Housing Needs Assessment obligations.

Staff recommendation and proposals: Staff recommended Alta Housing based on its lower estimated local gap‑fund request across…

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