Charles Stone

Charles Stone

For many years in Belmont, we have tried to develop our last meaningful pieces of property owned by the former redevelopment agency. The properties include parcels located at Hill Street and El Camino Real, and the parcel known as Firehouse Square on Fifth and O’Neill avenues and Broadway. In a thrilling turn of events earlier this year, the city entered an exclusive negotiating agreement with LINC Housing for the development of a project including 100 percent affordable homes at the Hill Street and El Camino Real sites. Just last week, we learned of more exciting news. Sares Regis, which has a development agreement for Firehouse Square spanning several years, is working to form a partnership with MidPen Housing to develop a project featuring over 80 percent affordable units. This is a monumental leap forward for the project; previously, the term sheet included only 25 percent affordable units.

These developments represent a significant increase in affordable homes for our community. This is critical as our cities struggled to keep pace with demand for both affordable and market-rate housing for years.

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(9) comments

Seasoned Observer

To Mr. Stone's comment concerning the number of jobs created versus the number of housing units built: why are local governments still approving projects that bring more jobs into this area?

Tommy Tee

I agree that 4 stories is too much. Three is more appropriate for that neighborhood. Look at Davey Glen. People have completely lost their views because of that new project. And this is after they were told they would not. All you can see is the new huge structure, which totally obliterates their much more beautiful homes. I fear the same will happen with people on 5th Avenue.

John Morris

Four stories is not too much, it is too little! I would also add that the homes being more beautiful is subjective. I quite like the new building though I had hoped it would be taller. I must say I have a hard time in seeing why views are important when our crisis of housing persists as it does.

Thomas Morgan

Should just give the whole project to Mid-Pen. Sares Regis is also dragging their feet regarding affordable housing on the Hayward Park Cal Train Station Parking lot. Regarding redevelopment lots (SM), property was transferred several years I don't consider this an accomplishment until the housing is built.

JordanG

Fantastic news! Very glad to see our neighbors in Belmont both acknowledging and actually doing something about our housing crisis! I sincerely hope we see more cooperation among for-profit developers like Saris Regis and non-profit developers like MidPen in the near future here in San Mateo and all along the Peninsula.

Coralin

It's a long overdue idea to use our city's public land to provide low to moderate housing. As our colleges and universities have been doing for years, our public school land should provide housing for our teachers.

However the devil is in the details.

The plan for Fire House Square (5th and O'Neil) can be up to 4 stories, similar in height and number of units to the ongoing Davey Glen and El Camino development. That kind of development is imposing and an out of scale development on our neighborhoods.

What Council member Stone also left out is that public land includes our city's precious open space!
Belmont has approximately 350 acres of open space, composed of walking and biking trails and scenic views which previous city councils had wisely voted to set aside land for our future residents to use.

One former San Mateo County Board of Supervisor had even suggested for county to use its open space for more housing. That idea met strong opposition and finally died.

So a warning, fine to use our city's public land that is zoned for housing for housing, within reason. But leave our public open space alone for there will be strong opposition for that idea.

kevinburke

I think you have to weigh the supposed harm from an "out of scale" development with the (very large) benefit from giving 66 families an affordable place to live and protection from higher rents.

You can do the math on that if you want - let's say each family saves $1000 per month on rent vs. if they had to pay market rate, plus another $200 in gas because they don't have to commute from Pleasanton to get to work. That's about $1 million per year in benefits.

So, $1 million per year, to say nothing of the environmental benefit from putting homes near transit, the psychological benefit of preventing displacement, the benefit to construction workers from new buildings that pay prevailing wage, the benefit to younger Belmont residents like me, who are trying to buy a home and can't afford Belmont's $1.8 million detached single family homes.

Given this very large benefit to the community from new development - at $1 million per year - the harm caused by this "out of scale" development would be have to be pretty severe to overcome this. I find it difficult to quantify that in any way that compares.

JD Rhoads

Wow! Offering affordable housing for teachers! The only city in the country? How about tax payers forgoing one Starbucks frappawhatever a week and approving a tax increase to pay the people you entrust your child's life to a living wage. I know that three letter word goes against every brainwashing tactic the Republican's have shoved down your throats for the last 45 years but really? Here's your subsidized housing on the taxpayer?

kevinburke

Belmont just voted yes on Measure K, a parcel tax that will provide funding for Belmont & Redwood Shores schools

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