校园村3负担能力

• What makes CV3 an "affordable housing" project?

  • 参议院第169号法案, signed into law in 2021, created the Higher 教育 Student 住房 Grant Program (HESH)至少保留 30%的新资金 from the State to the CSU for new student housing development. SB169要求非常实惠 rental rates for universities to receive funding for their new housing projects. 具体地说, rental rates are capped at 30% of 50% of the area median income for single-room occupancy 单位. For 单位 in Santa Clara County, where the median income for single wage-earners is $105,900 (as of 2022), this would entail rental rates of $1,323 per month.

    The CV3 project as a whole goes above and beyond the statutory requirements of affordable student housing by lowering rental rates far below the figure cited above to be more 为有需要的学生负担得起. Early estimated rental rates for student beds funded through the CV3 effort are 57% of the state’s maximum levels. 这凸显了利记的 commitment to keeping students’ housing costs down and allowing them to focus on their 教育的愿望.

    The state budget in 2022 allocated a sizable share of funding to the CSU for campus 学生住房项目. Pending changes to the future state budget aside, 利记 is continuing the process of applying for grant funding to deliver CV3.

• Will every unit in this project be “affordable housing”?

  • The CV3 project effort includes the application of state funds to around 535 deeply-affordable 低于市场价格的学生床位. These beds will be included in CV3 as well as other 部分利记的校园住房. State funding will enable 利记 to deeply discount the cost of rent for student-leased, on-campus dormitory beds, which in turn allows students to focus on their academic success instead of  housing or commute concerns.

     

• Why isn’t every bed in the new project “affordable”?

  • It is important, for equity purposes, that the new building have a diverse mix of subsidized and unsubsidized 单位 to ensure a positive educational and living environment 适用于所有利记学生. Projects in the area that incorporate a mix of incomes in the same property ensure robust community integration while also guaranteeing project 可行性. Spreading the beds throughout the housing system, including in already-built, existing buildings, will also ensure students have access to unit types that will 最好地满足他们的需求.    

• What kind of students will qualify to live at CV3?

  • Students in the building will be required to take a minimum average of 12 degree-applicable 每学期单位数. Eligible students renting housing in the facilities shall be permitted to live in the facilities for the full academic or calendar year so long as the student remains enrolled, but renewal of housing in the facility in subsequent years requires the student to demonstrate compliance with unit requirements.

    As the project is still in its earliest planning stages, no decision has been made as to the programmatic allocation of the building complex's residents in the way that other Campus Village buildings have set numbers of undergraduates and graduate students 每一个位置.

• How does this project meet the university’s equity goals?

  • High housing costs in 硅谷 push out students to far-flung suburbs where they have no choice but to drive long distances to campus if public transit is either not an option or infeasible for their schedules. 校园内的额外空间将 allow more students to avoid having to commute long hours and provide a secure space which will help them access the additional campus resources they might not have time to access if a commute were a part of their everyday schedule. 培养更多学生 housing also fosters a stronger support network on campus that our displaced students cannot tap into as a consequence of having to commute due to living far from the university.

• How will this project benefit the community at large?

  • 利记 ensures a large number of California residents have access to an affordable and 高质量的教育. 利记’s location in the heart of 硅谷 presents the perennial challenge to each cohort of students: housing costs as the number 一个 risk to a student reaching their educational potential. 作为一个指标，租金水平已经上涨 risen 6% per year for the last 10 years and this trend does not appear to have a discernible 在可预见的未来达到峰值. 

    利记 has maintained residential rates as low as possible to ensure a student housing stock that is not out of reach for the community. 有额外的经济适用房 stock will enable 利记 to serve this incredibly important mission, avoid adding substantial debt loads and allow additional, lower income students to benefit from attending the most transformational education institution in America (per M一个y Magazine, 2020). Keeping students on campus also helps to alleviate the pressures on non-student renters seeking housing on the open market in surrounding neighborhoods.

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