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<br /> Silicon Valley Leadership Group: Approvable <br /> On behalf of the Silicon Valley Leadership Group, we are writing to <br /> express our support of the development proposal at 333 Main Street by <br /> Matteson Properties_ <br /> By way of background, the Silicon Valley Leadership Group (SVLG), <br /> founded in 1978 by David Packard of Hevldett Packard, represents <br /> more than 200 of Silicon Valley's most respected employers. SVLG <br /> members collectively provide nearly 250,000 local jobs, or one of eveI')' <br /> four in the private sector in Silicon Valley. <br /> From SVLG's perspective, our ability to recruit and retain a qualified <br /> workforce is dependent on housing availability and affordability. <br /> Sadly, Silicon Valley remains one of the most unaffordable areas in the <br /> nation with only 18% of families able to afford a median priced home. <br /> The figure nationmde is 49%. <br /> One of the biggest challenges to meeting the persistent demand for <br /> housing is the availability of land. This is part of the reason SVLG is <br /> excited about this new residential community. It proposes to convert <br /> underutilized land to a more productive and much needed use-homes <br /> for the families and individuals who struggle to work and live on the <br /> Peninsula. And, by recycling our already built areas, pressure to <br /> sprawl into our open spaces is alleviated. <br /> We are also pleased that the development proposal \.\'ill provide entry- <br /> level homes proximate to a broad range of goods and services, <br /> incl uding down to"'ATl. <br /> SVLG is supportive of this proposal for 100 condominiums at 43.5 <br /> homes to the acre v...ith 15% set aside at affordable rates. vVe encourage <br /> your support and thank you for your consideration of our comments. 32 <br />