320 Sheridan (Flood School site)
Alliant · 320 Sheridan Drive (former Flood School site)
The City Council has approved the project. Construction may or may not have started.
- 88 residential units (87 affordable)
Partly funded by the City — see the breakdown below.
- 87 of 88 units deed-restricted affordable, prioritized for school-district teachers and staff
- New housing built on a previously vacant lot
- About $1.6M in one-time City money: $1M appropriated from the Below-Market-Rate Housing Fund (Fund 222) in FY 2025-26, plus a $600K additional Housing Commission-recommended loan
- Long-term General Fund service costs once occupied
approved (as of March 11, 2025)
Where this project shows up in the City's budget
Each item below is a real line in the City's budget data, connected to this project. Where a connection was inferred rather than stated outright, it's flagged so you can judge it for yourself.
Community benefits committed to the City
Money or in-kind contributions the developer is providing to the City.
FY 25 $3M
Likely link · Scope likely influenced by this project — inferred from the City's own naming and timing, and would benefit from staff confirmation.
Source documents
Every document the City has published for this project that we've catalogued. Each link goes straight to the City's own copy.
Staff reports
City project page
What this page can't tell you
The City's budget data tells us what's been appropriated, what's been spent, and what infrastructure is planned. It does not tell us:
- The detailed terms of the Development Agreement — community-benefit contributions, in-kind dedications, ongoing obligations. Read the Development Agreement directly (see the documents above).
- The projected fiscal impact over the project's lifecycle. Read the Fiscal Impact Analysis directly (if one has been published) — it was prepared before approval and contains the dollar projections.
- Real-time building-permit issuance or fee collection — contact Community Development.
Have a question this page can't answer? Bring it to the next budget public hearing on June 9, or email city.council@menlopark.gov.