The state has awarded $42.8 million to spur the development of three local affordable housing projects in California, including coastal apartments reserved for farmworkers and their families.
The funds will go toward helping build a total of 212 units for low-income residents in projects in Daly City, Burlingame and Moss Beach, with 18 new apartments for farmworkers.
According to the San Mateo County Board of Supervisors, the primary goal is to boost the supply of affordable housing in the area through development, preservation and protection.
“We simply must have more affordable housing so that everyone in our region can thrive,” said Dave Pine, chairman of the San Mateo County Board of Supervisors.
“Without local affordable housing, there is a domino effect that hurts not only the economy but also our communities. People must travel from farther distances to work, which costs them time and money. And that means less time people can spend with their families, getting involved in schools and volunteer groups, and being active members of their community,” he added.
Projects include:
Cypress Point: A 71-unit complex proposed by MidPen Housing Corp. on 10.8 acres in Moss Beach that received $17.8 million from the state.
The apartments will be rented to households earning less than 80 percent of the area median income, currently $124,000 for a family of four, with 18 reserved specifically for local farmworkers and their families.
“State funding is a critical milestone in the development of this much-needed housing for farmworkers and their families,” said Matthew O. Franklin, President and CEO of MidPen Housing. “We look forward to working closely with our county partners to complete the entitlement process and build 71 new affordable homes.”
In addition to state funding, the county has pledged $5.5 million to assist the development in a combination of federal grants and local Measure K sales tax funds.
493 Eastmoor: CORE Affordable Housing received $3 million in state funding to assist with the development of 72 apartments for low-income individuals and families in a transit-served area near the Colma BART station in Daly City. The county has pledged $9.5 million to assist with the development in a combination of Measure K and Mental Health Services Act funding.
Eucalyptus Grove: This 69-unit complex in Burlingame proposed by Allied Housing Inc. at 1875 California Drive near the Millbrae border received $22 million from the state. The project, which also received a promise of $5.7 million in Measure K funding, would provide much-needed housing to low-income individuals and families.
While all three remain in the planning stages, local officials hope the state's financial commitment will help the developers secure additional funding.
The state selected the three local projects under a new process aimed at speeding up approval and saving time and money. In making the announcement, Governor Gavin Newsom He said the new process is “to ensure that projects don’t get bogged down in endless bureaucracy that favors process over production.”
You may be interested in: Almost 1TP4Q8 billion needed to complete housing projects in the Bay Area
