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Community Benefits Offer

Bicyclist cycling on the oval; Marguerite shuttle drives past
Our commitment to the Bay Area

The university submitted an offer to invest $3.4 billion in housing development, including the construction of Below-Market-Rate housing, along with $1.17 billion in transportation improvements and other benefits to address pressures facing the region.

Stanford submitted a new offer to Santa Clara County detailing a proposed $4.7 billion package of community benefits the university would provide through a development agreement related to its General Use Permit application. This offer is the university’s largest investment in housing and transportation in its history.

Five facts about Stanford’s $4.7 billion offer of community benefits:

  1. Focuses on meeting the needs of the campus community and neighboring residents.
  2. Invests $3.4 billion to fully meet the demand for 2,172 workforce housing units created by new academic facilities, including 575 front-loaded units of Below-Market-Rate housing.
  3. Commits $1.17 billion to expand current sustainable commute programs and provides $30 million in funding for transportation projects identified by Palo Alto and San Mateo County communities.
  4. Includes $138 million in support for Palo Alto Unified School District.
  5. Enables Stanford to provide significant benefits up front, prior to construction of new academic facilities, through a contract with Santa Clara County called a development agreement.

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