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Only 1,200 units arrived this year, a fraction of what is needed to meet the state-mandated goal.
Monthly payments for buyers doubled in six years, income rose by about a third.
Plan to replace City Hall dropped, city offices to consolidate as budget deficit looms.
There will be new rules on rent increases, and operating cost charges on month-to-month leases.
Cloud-based data player Snowflake subleases a 773K square feet Meta campus in Menlo Park.
State seeks a court order to overturn the city’s moratorium on homeless shelters.
Units for teachers priced out of market to be built on land owned by school district.
County okays project after pushback over traffic on wildfire evacuation routes.
Long-term deal for 259K SF may signal 2025 rebound for struggling sector.
When properties go on market, owners must notify affordable housing developers, who get right of first offer.