San Mateo County grants $54M to 11 projects that increase affordable housing

in Community

San Mateo County is granting 11 projects a total of $54.4 million to create more affordable housing.

The funds will create a total of 1,069 affordable housing units in the County by supporting projects in North Fair Oaks, Redwood City, Daly City, Burlingame, South San Francisco, East Palo Alto and Menlo Park. See the chart below this story for specifics on projects and the number of housing units they will create.

Of those homes, 279 homes are specifically for unhoused individuals and families and a total of 196 are for households with extremely low incomes. About $23 million of the $54.4 million funding round comes from the Measure K half-cent sales tax revenue and $25 million from the federal American Rescue Plan Act.

Grants were awarded on a competitive basis through the County’s Affordable Housing Fund, which prioritizes projects that provide units for households that are homeless or with extremely low incomes. Established in 2013, this was the County’s 10th round of grants, officials said. The Fund to date has enabled the County to build, preserve and rehab more than 4,500 affordable homes.

“San Mateo County is making good on our commitment to providing affordable housing options for families and individuals struggling to find an affordable roof over their head, for those with disabilities, for our seniors – truly for all of us,” Horsley said.

Horsley added,  “When we asked voters to approve Measure K in 2016, we specifically called out the need to provide affordable homes. We are making good on that pledge.”

Image depicts design of the Middlefield Junction project in North Fair Oaks, courtesy of San Mateo County.