https://www.siliconvalley.com/2022/01/11/santa-clara-county-approves-21-million-loan-to-cover-increased-construction-costs-of-teacher-housing-project-in-palo-alto/

In approving a long sought apartment project for Peninsula teachers, Santa Clara County supervisors on Tuesday agreed to lend the developers $21 million to help cover soaring construction expenses.

The cost estimate has climbed from $62 million when the project was proposed about four years ago to $87 million today, although the county’s loan is to be paid back over time with rent from the developers’ future tenants.