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The San Mateo County Board of Supervisors has approved funding for several new affordable housing developments for marginalized groups.
The $40 million in funding comes from multiple county sources, according to San Mateo County’s Department of Housing. About $21 million has been procured from the voter-approved Measure K half-cent sales tax. Additionally, approximately $16 million has been sourced from the federally funded Moving to Work program, which aims to provide more housing choices for low-income families.
According to the County Executive’s Office, the project will provide affordable housing for unhoused people, low-income seniors and families, farmworkers, former foster youth, individuals with developmental challenges and other marginalized populations.
“The solution to the housing crisis is simple: build more housing. And that’s exactly what we are contributing to with this investment of Measure K funds.”
Supervisor Warren Slocum
The funds will be dispersed across seven projects to create 431 units of affordable housing across San Mateo County. The housing developments will be made up of a mix of units for rent and homes available for purchase.
The unanimous vote by the board Tuesday was spurred by San Mateo County’s growing housing affordability crisis.
“High rents and massive mortgages price out workers — and our kids — who are forced with the choice of grueling commutes to our job centers or moving out of the region,” Warren Slocum, president of the Board of Supervisors, said in a statement. “The solution to the housing crisis is simple: build more housing. And that’s exactly what we are contributing to with this investment of Measure K funds.”
Seven projects, hundreds of new units
The seven developments approved for funding include Hill Street Apartments in Belmont, where Linc Housing plans to develop 37 new units on a city-owned parcel at Hill Street and El Camino Real near the Caltrain station.
At Cypress Point in Moss Beach, MidPen Housing plans to develop 71 new units at Carlos Street and Sierra Street. At Ridge@Ralston in Belmont, Abode Housing/CRP Affordable are proposing to develop 65 units less than two blocks east of Caltrain and El Camino Real.
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At 493 Eastmoor Ave. in Daly City, The CORE Companies plans to develop 72 units at the northwest corner of Eastmoor and Sullivan avenues, a short distance from the Colma BART station.
At Rotary Gardens in South San Francisco, Beacon Development and South San Francisco Rotarians plan to develop 80 units of senior housing in the city’s downtown core, including some units for homeless seniors and other older people.
At Independence Drive in Menlo Park, Habitat for Humanity Greater San Francisco plans to build 18 affordable townhomes for first time homeowners, while at Serramonte del Rey in Daly City, an 88-unit project by Eden Housing is being proposed with the Jefferson Union High School District, the owner of the property being redeveloped off of Serramonte Boulevard.
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