Supervisors of the San Mateo County awarded nearly $30 million to spur the development of five affordable housing projects totaling 483 units.
“We are committed to building, preserving and protecting affordable housing for a wide range of individuals and families,” said Board of Supervisors Chairman Dave Pine. “These projects will provide quality housing close to jobs, schools and public transportation and help make our county a stronger, more equitable community for all.”
Supervisors voted 5-0 to allocate funding for projects from Daly City to Menlo Park that will make it easier to live and thrive on the Peninsula.
$9,495,420 was awarded to a 158-unit housing project at 1051 Mission St. in South San Francisco, developed by Bridge Housing; $8 million went to 112 units at Midway Phase II, 45 Midway Drive in Daly City, developed by Midpen Housing; $4,403,263 went to 65 units at The Ridge at Ralston, 678 Ralston Ave., Belmont, by Allied/CRP Affordable.
Additionally, $4 million was earmarked for 86 units at North Fair Oaks, 429 MacArthur Ave., the unincorporated area of North Fair Oaks, developed by Affirmed; and $3.5 million for 62 units at the Menlo Park Veterans Administration, 795 Willow Road in Menlo Park, operated by Midpen Housing.
Local officials noted that each project has specific income levels and other qualifications for residency.
All of these projects anticipate leasing dates in 2026. For more information on whether or not your household qualifies to live in these apartments, officials suggest contacting the developer closer to the leasing date.
In 2013, supervisors created the county's Affordable Housing Fund, which over the past decade has provided approximately $285 million to help build or preserve 4,100 units of affordable housing countywide.
This fund marked the 11th round of Affordable Housing Fund allocations approved by the Board of Supervisors.
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