"San Mateo County supervisors have approved more than $41 million to help build nine affordable housing developments across eight cities, aiming to ease the region's housing affordability crisis. The funding, announced last week, will support at least 636 new affordable units in Belmont, Daly City, Half Moon Bay, Menlo Park, East Palo Alto, South San Francisco, Moss Beach and North Fair Oaks. The projects will serve low-income families, older adults, people experiencing homelessness, farmworkers, first-time homeowners and individuals with disabilities, the county said."
"Most of the money about $37 million comes from Measure K, a voter-approved half-cent sales tax. Additional funding will come from the state, with money from the Mental Health Services Act and Homeless Housing Assistance and Prevention grant funds. Since its inception, the county's Affordable Housing Fund has awarded more than $305 million across 12 funding rounds, according to the county. This latest round of housing allocations comes as local governments face growing budget pressures amid reduced state and federal funding."
San Mateo County approved more than $41 million to support nine affordable housing developments across eight cities, expected to create at least 636 units serving low-income families, older adults, people experiencing homelessness, farmworkers, first-time homeowners, and individuals with disabilities. Most funding, about $37 million, comes from Measure K, a voter-approved half-cent sales tax, with additional state contributions from the Mental Health Services Act and Homeless Housing Assistance and Prevention grants. The county's Affordable Housing Fund has awarded more than $305 million across 12 funding rounds. County leadership frames the allocations as a vital investment amid growing budget pressures, and the county aims to approve 2,833 new housing units by 2031, including 811 for very low-income households.
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