LASD to expand? - And create a new school close to the San Antonio Center?

Will LASD be successful in its bid to create a new school at the site of the old Old Mill shopping center?  The location is right next to the Parc Crossings complex and a stone's throw to the Old Mill complex of homes.

This 12/12/17 article from Kevin Forestieri of the Mountain View Voice goes into the complexities of the proposition, some historical perspective and future possibilities that it opens.  The comments below give an idea of how controversial the various use choices for the location will be (should the project come to fruition).

Thanks for reading,

Francis

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Useful school web sites, around Los Altos, Palo Alto, Mountain View etc...

Questions always abound when it comes to schools around here in the Silicon Valley.
This is a collection of web links that, I have found, answers a lot of them:  
- Silicon Valley schools.

This includes for instance an incredibly useful map of the boundaries for the various Los Altos schools. (It has ten layers of information!).
Of course, one should always call the school to double check attendance for a given year.

Thanks for reading.   Francis

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The Housing Trust of Santa Clara County Offers Help to First-time Home Buyers

“We have money to help your first-time home buyers,” Dan Lachman, program manager of The Housing Trust of Santa Clara County told REALTORS®.
Lachman said The Housing Trust offers three main financial assistance programs for first-time home buyers - the Closing Cost Assistance Program (CCAP), the Mortgage Assistance Program (MAP) and Equity Share Co-Investment (ESCO).
Under the CCAP, The Housing Trust will provide up to $6,500 to help pay for closing costs and other transaction expenses associated with purchasing a first home. This program provides a deferred loan of 3 percent of the purchase price up to $15,000 for down payment and/or closing costs. The loan is not repaid until the house is sold or the owner refinances. No interest or principal payments are due during the term of the loan.

The MAP is a second mortgage of up to $35,000 available to first-time home buyers in Santa Clara County. The Housing Trust MAP loan is a conventional second mortgage, with interest and principal payments due monthly and compatible with most banks and credit unions. It is a 30-year amortizing loan with the interest rate at 1.5 percent above the rate of the first loan.
To qualify for the CCAP and MAP, the income of a single-member household cannot exceed $86,950, or household income for a four-member household cannot exceed $124,200.

Under the “equity share co-investment” or ESCO program, the Housing Trust will advance as much as $75,000 to first-time home buyers. The money will be used to match a buyer’s down payment. Payments on the ESCO loan will not be due until 15 years later or until the house is sold or the borrower refinances. The borrower repays the loan based on the appreciation of the home in equal proportions to the amount of the original down payments. To qualify for the program, the income of a single-member household cannot exceed $103,390, or the household income of a four-member household cannot exceed $147,700.
Lachman said since 2001, the Housing Trust has provided 2,100 down payment assistance loans. He urged REALTORS® to consider the loans for their clients. The Housing Trust considers a person who has not owned a home in Santa Clara County during the last three years a first-time home buyer.

For more details about PAL and other financial assistance programs offered by The Housing Trust of Santa Clara County, visit http://www.housingtrustscc.org/ .

These programs can help some people live much closer to where they work, in cases where they work in expensive areas (Los Altos, Palo Alto, Mountain View?).  Among others, I am thinking about teachers, policemen, firefighters, clerks...

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Homes in Mountain View – with Los Altos Schools...?

Many people ask for the best schools, and it often means higher prices. There are a few complexes which are less expensive than Los Altos proper, or Palo Alto, - in the more affordable Mountain View community. I have updated the information I keep on two of these complexes, as an example of what one can get for, for what kind of price:

The Old Mill complex, With both townhouse-style homes and condominiums, and current dues of $320 per month. Web tour and price history available at:
http://www.oldmillcomplex.com/

The Parc Crossings complex, with the 3 types of homes: single-family residences, townhouses (or “row-houses”), and condominiums (flats). Dues vary depending on the home. Web tour & price history available at:
http://www.theparccrossings.com/


These types of homes can also be attractive for rental purposes, until they are used later for personal use, even though of course in the Bay Area it is hard to have a good return on investment when renting a property. But they have enjoyed a good reputation over all these years. Price evolution over time is noted on these web sites.
Note: there is also a small area of Palo Alto which is served by Los Altos schools (South of the Adobe Creek, West of Alma).

For complete information on a particular neighborhood or property, contact me.
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