FHDA Faculty and Staff Housing Acquisition Project

The City of Mountain View certified the Final Environmental Impact Report (Certified EIR) for The Sevens project and approved the project on May 19, 2019.1 The Certified EIR included an analysis of environmental impacts of development of a 716-unit apartment complex including the 572 market rate units at 777 West Middlefield Road and the 144 BMR units located at the 699 North Shoreline Boulevard (i.e., The Sevens development). MVWSD, as lessee under a ground lease with The Sevens developer as lessor, constructed the 144 BMR units, consisting of studios, one-, and two- bedroom units, of which 123 are dedicated to MWVSD staff housing and 21 are dedicated to City of Mountain View employees. In accordance with the city of Mountain View approvals for The Sevens project, construction of the 144 BMR units began in 20222 and was completed in 2025. The 144 BMR units, including the 123 units dedicated to MVWSD staff, have been opened to residents as of February 2025. The District has been seeking affordable housing options for District faculty and staff. The District includes two campuses, Foothill College and De Anza College, and serves the communities in Cupertino, Los Altos, Los Altos Hills, Mountain View, Palo Alto, Stanford, Sunnyvale, and parts of Saratoga and San José. As described, 123 of the 716 apartment units at The Sevens development are BMR units, owned MVWSD, and are currently designated for MVWSD faculty and staff. The District proposes to purchase a thirty-five (35) percent co-tenancy interest of the 144 MVWSD-owned BMR units, which will include fifty (50) of the existing 123 below market rate units, 50 parking spaces located in The Sevens parking garage, and The Sevens amenities as set forth in the Covenants, Conditions, Restrictions and Easements recorded December 06, 2022 as Instrument Number 25411919 of Official Records. The 50 units would be designated specifically for District faculty and staff from Foothill and De Anza Colleges.