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Affordable Housing, Latest News

2 Affordable Housing Projects To Receive Over $38M From State

Two affordable housing projects in Millbrae and East Palo Alto will receive over $38 million from the state, county officials announced on Friday.

The grant will add 208 units for veterans and very low and extremely low-income individuals in San Mateo County.

The money was awarded for Bayshore Affordable Apartments in Millbrae and Light Tree Apartments in East Palo Alto. The funding came from the state Affordable Housing and Sustainable Communities program.

“This award represents the power of building strategic collaboration between the Department of Housing, the developers, the cities and our transportation partners,” Ken Cole, director of San Mateo County’s Department of Housing, said in a statement.

The application for the award takes three to six months to prepare, but the county and its partners prepared it in one month.

Bayshore Affordable Apartments will be a part of the Gateway at Millbrae Station, a residential and retail development to be located near the Millbrae BART/Caltrain station.

Light Tree Apartments, developed by Eden Housing and EPA CAN DO, at 1805 E. Bayshore Road, will provide 128 new and replacement units for families and substantially renovate and preserve the affordability of 57 units to remain at the property.

“The grant is an opportunity for us to take 91 families off our waiting list and into a high-quality home,” Linda Mandolini, president of Eden Housing, said in a statement.

Source: sfgate

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