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The entry to 500 County Center in Redwood City.
The Board of Supervisors awarded more than $41 million to 10 residential developments throughout San Mateo County to provide 636 units, many of which will be affordable.
The 10 identified developments vary in geographic location, amount awarded and which priorities of the county it addresses. Units at each site range from eight to 148.
County development investment priority includes families and seniors, persons with special needs, farmworkers and public employees. Awards are intended to spread the funds as geographically diverse as possible, Department of Housing Director Ray Hodges said.
Since 2013, the Department of Housing puts out a notice of funding availability for developers interested in producing housing that aligns with the county’s goals. In the most recent cycle, 17 developers applied for the 13th round of funding, seeking almost $125 million for 1,452 affordable housing units.
San Mateo County Supervisor Noelia Corzo said she appreciates the work of the department to alleviate the housing crisis.
“These projects are not just numbers or apartments, they are opportunities for families,” Corzo said.
Funds are sourced primarily from the Measure K half-cent county sales tax, in addition to state-funded permanent local housing allocation funds, county impact fees, the Mental Health Services Act funds and the Homeless Housing Assistance and Prevention funds.
The largest award was $16,864,000 to a South San Francisco development proposal for 80 units of senior housing, 10 of which will be reserved for seniors experiencing homelessness and 10 for seniors receiving comprehensive care services.
Another major investment was $11 million to a proposed Belmont development with 65 affordable units. Of those, 35 will be for larger families needing two or three bedrooms, and 17 for those experiencing homelessness.
These two, as well as one in Menlo Park providing eight units and another in Moss Beach providing 71, are expected to begin construction over the next year, Hodges said.
The funds awarded to the Moss Beach development, Cypress Point proposed by MidPen Housing, is gap funding to make up what was intended to be filled by a state source, Hodges clarified.
The other site locations include another in Belmont, Daly City, Half Moon Bay, East Palo Alto and North Fair Oaks. Smaller awards were given to development proposals early in design stages.
The county’s affordable housing fund has awarded more than $350 million for affordable housing from various sources since 2013. It has created 4,939 affordable units, including 2,875 completed and occupied, so far, according to a staff report.
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Dirk van Ulden said:
Dirk van Ulden said:
Dirk van Ulden said:
Mike needs to get a life. If that is all he is wishing for we are safe.
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(1) comment
More evidence “affordable” housing cannot be built affordably, to the tune of $41 million, this time. And $125 million in the recent past. Developers will only build if there’s a profit to be made and some of this profit is directly coming from cities handing out taxpayer money like candy. I wonder whether cities hand out money to pay for these affordable home property taxes and fees, too.
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