Supervisors of the San Mateo County awarded nearly $30 million to spur development of five affordable housing projects totaling 483 units.
“We are committed to building, preserving and protecting affordable housing for a wide variety of individuals and families,” said Dave Pine, Chairman of the Board of Supervisors. "These projects will provide quality housing close to jobs, schools and public transportation and help make our county a stronger and more equitable community for all."
Supervisors voted 5-0 to allocate funds to projects from Daly City to Menlo Park that will make it easier to live and prosper on the Peninsula.
$9,495,420 was awarded to a 158-unit housing project at 1051 Mission St., south of San Francisco, whose developer is Bridge Housing; $8 million was for 112 units at Midway Phase II, 45 Midway Drive in Daly City, developed by Midpen Housing; $4,403,263 for 65 units at The Ridge in Ralston, 678 Ralston Ave., Belmont by Allied/CRP Affordable.
In addition, $4 million went towards the creation of 86 units in 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, located at 795 Willow Road in Menlo Park, under the charge of Midpen Housing.
Local authorities noted that each project has specific income levels and other qualifications for residency.
All of these projects anticipate lease dates in 2026. For more information on whether or not your household qualifies to live in these apartments, authorities suggest contacting the developer closer to the lease 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 as affordable housing throughout the county.
This fund marked the 11th round of appropriations from the Affordable Housing Fund approved by the Board of Supervisors.
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