SMC Supes Approve $30M For 5 Affordable Housing Projects

REDWOOD CITY, CA — The San Mateo County Board of Supervisors on Tuesday approved nearly $30 million to help complete five affordable housing developments that will add 483 units from Daly City to Menlo Park.

In a news release, supervisors said the projects would help address the county's housing shortage. The funds come from a mix of sources, including $20 million from Measure K funds and $4.4 million from the American Rescue Plan Act.

"We are committed to building, preserving and protecting housing that is affordable to a wide range of individuals and families," said Dave Pine, the Board's president. "These projects will provide quality homes near jobs, schools and transit and will help make our county a stronger and more equitable community for everyone."

Supervisors voted unanimously to approve the funds, marking the 11th round of allocations from the Affordable Housing Fund. Each of the new projects is designed to meet specific income levels, and units are expected to be available by 2026.

Here's where the money is going

• 1051 Mission Street, South San Francisco (158 units)
• Midway Phase II - 45 Midway Drive, Daly City (112 units)
• The Ridge at Ralston - 678 Ralston Ave., Belmont (65 units)
• 429 MacArthur Ave - North Fair Oaks (86 units)
• Menlo Park Veterans Administration - 795 Willow Road, Menlo Park (62 units)