San Mateo County Grand Jury • 2019-2020

Public Land for Public Good?

Published: January 22, 2019 36 pages Consolidated Report
View Original PDF

Findings 8 findings

F1 Page 15
By 2015, planning for the Peninsula Wellness Community (PWC) set aside ten percent of the senior housing as affordable housing; the vast majority of units were reserved for market-rate housing.
F2 Page 15
According to housing advocates, the District’s meetings and public events did not provide effective formats for real-time dialogue between District representatives and community members.
F3 Page 15
At its November 18, 2019, public meeting, the District responded to community and political pressure by announcing an increase in the percentage of affordable units in the project from ten percent to 39%.
F4 Page 15
Whether the PWC project could be structured to provide more than 39% affordable housing cannot be determined by the public. The District has failed to provide information regarding the financial feasibility of providing affordable housing in a ratio greater than 39% including whether it is possible for the District to accept decreased lease income from the developers.
F5 Page 15
The District failed to provide the financial analysis and assumptions that underpin the ratio of market-rate to affordable housing units, the projected income from the land leases, and the financial plan for use of that income once the project is complete.
F6 Page 15
If the project goes forward as currently configured it will still provide a substantial number of new affordable housing units.
F7 Page 15
While it is possible that continued demands by community advocates for a greater number of affordable housing units could impact the future of the PWC project, such concerns have not been communicated to the housing advocates.
F8 Page 15
Upon completion of the PWC, the income generated by the development will be reinvested into the community and may be used to provide community grants and other auxiliary health services, but these benefits have not been clearly articulated.

Recommendations 3

Conclusions 2

No Responses Found 1

Government entities assigned to respond to this report. No response documents have been linked in our database.

Peninsula Health Care District Special District