![]() ![]() Facebook data shows that just 18 of its 7,475 employees currently live in Belle Haven. How much Facebook’s expansion will impact the community’s housing issues remains unknown. … It would be great if all the powers that be can find a better way to really assess which people need help.” 1, you need to find out who they are, and to this date I still don’t know who they are. “People have moved out of here for a multitude of reasons,” Bims said. Sheryl Bims, a Belle Haven resident, said there’s another problem at play, one that has not been addressed by the city or the report: Nobody is tracking who is being displaced in the neighborhood or for what reason. The report shows that the two communities have the highest share of rental housing in the county the largest concentration of people spending more for housing than they should for their income the highest percentage of multiple people living in one room the largest household sizes youngest population lowest incomes and largest percentage of households below poverty level. Few current Belle Haven or East Palo Alto residents would be able to afford the new units. For a family of four living in San Mateo County, the median income is $107,700. According to the report, conducted by Keyser Marston Associates for the Menlo Park Housing Commission, roughly 86 percent of the 1,380 new units under construction or in planning will be sold or rented at market rate, meaning they will be affordable only to residents making at least 80 percent of the area’s median income. During the same two-year period, the number of jobs per housing unit also is expected to grow, from 2.35 to 2.67.Īll of the new development is in multi-family units. “The worry is that the market will drive up rents and we will see the exiting of a specific demographic that has long been part of our community,” Johnck said.ĭespite all the new homes being built, the construction won’t even put a dent in the neighborhood’s jobs-to-housing imbalance. Longtime Menlo Park resident Brielle Johnck is among those concerned about gentrification and displacement. The growth is driven by Belle Haven’s proximity to tech sector jobs, including those at Facebook, which plans to nearly double its already large workforce by 2019. MENLO PARK - Rampant housing development in the Belle Haven section of Menlo Park is stirring concerns over displacement and gentrification in one of the last affordable places to live in Silicon Valley.Ī city-commissioned report states that the number of new housing units in the bayfront neighborhood will nearly double in the next two years - from 1,466 mostly single-family homes to 2,846. ![]()
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