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County Pledges Nearly $20 Million Toward Affordable Housing
The San Mateo County Board of Supervisors on Tuesday, October 2, committed nearly $20 million in local tax funds to support the construction, renovation and preservation of housing that will be affordable for a wide range of family incomes.
Commitments range from a high of $7 million to build affordable apartments in fast-growing downtown Redwood City to $420,000 to support a Habitat for Humanity "sweat-equity" project in Daly City. In all, the Board's commitment will contribute to building 1,193 units of affordable housing.
In all, the Board committed $19,879,719 for 12 projects from Daly City to East Palo Alto.
Ten of the projects will increase the supply of rental housing while two projects will allow families with low incomes to fulfill the dream of home ownership.
The bulk of the $19.8 million comes from Measure K, the voter-approved, half-cent sales tax extension that provides local funding for local needs.
We invite you to explore the map to learn more about the projects. Read the staff report.