The state has awarded $42.8 million to spur development of three local affordable housing projects in California, including waterfront apartments reserved for farmworkers and their families.
The funds will go to help build a total of 212 units for low-income residents in projects in Daly City, Burlingame and Moss Beach, where 18 new apartments will be dedicated to 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 need to have more affordable housing for everyone in our region to prosper,” said Dave Pine, Chairman of the San Mateo County Board of Supervisors.
“Without local affordable housing, there is a ripple effect that hurts not only the economy but also our communities. People must travel 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."
Projects include:
Cypress Point: A proposed 71-unit complex by MidPen Housing Corp. on 10.8 acres in Moss Beach, which 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 developing 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 help 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 help develop 72 apartments for low-income individuals and families in an area served by public transit near the Colma BART station in Daly City. The county has pledged $9.5 million to aid development in a combination of funds from Measure K and the Mental Health Services Act.
Eucalyptus Grove: This 69-unit Burlingame complex 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 pledge of $5.7 million in Measure K funds, 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 developers secure additional financing.
The state selected the three local projects under a new process that aims to speed approval and save time and money. In making the announcement, Governor Gavin Newsom He said the new process is "to ensure projects don't get bogged down in endless bureaucracy that favors process over production."
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