"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."
"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. "This is a major step forward in our work to ensure that San Mateo County remains a place where all people - regardless of income - can live, work and thrive," said Department of Housing Director Ray Hodges."
"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. In September, supervisors approved a revised $5.5 billion county budget with a major focus on affordable housing and homelessness programs."
San Mateo County approved more than $41 million to support nine affordable housing developments across eight cities, providing at least 636 new affordable units. Target populations include low-income families, older adults, people experiencing homelessness, farmworkers, first-time homeowners and individuals with disabilities. About $37 million derives from Measure K, a voter-approved half-cent sales tax, with additional state funding from the Mental Health Services Act and Homeless Housing Assistance and Prevention grants. The county’s Affordable Housing Fund has awarded over $305 million across 12 funding rounds. Officials project approval of 2,833 new housing units by 2031, including 811 for very low-income households.
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