After studying the city's below-market-rate housing guidelines at the request of the council, the Menlo Park Housing Commission decided nothing needed to change, according to a staff report.
The study came after the Beltramos won approval to build 16 townhomes and an office complex at 1460 El Camino Real, in exchange for one below-market-rate (BMR) unit and a stack of fees.
The city and developer haggled for months over the number of below-market-rate townhomes to be included on the 1.54 acre site. The original plan, first approved in 2006, followed city policy by setting aside three units, but the Beltramos asked to include only one in light of declining real estate values.
The council will consider the Housing Commission's conclusions at its meeting on Tuesday, May 10, which starts at 7 p.m. in council chambers at the Civic Center at 701 Laurel St.