An affordable housing development for veterans that has been a few years in the making officially broke ground in Menlo Park on Wednesday.
Dozens of local leaders, funders and developers of the project gathered to celebrate the beginning of construction for Oak Gardens, a 62-unit housing complex on Chapel Lane at the Veterans Affairs campus that is home to the Palo Alto Veterans Affairs Medical Center-Menlo Park.
MidPen Housing, a nonprofit developer of affordable housing in Northern California is in charge of developing the project. It has previously developed several affordable housing sites in Menlo Park.
Of the 62 apartment units, 55 will be reserved for veteran households experiencing homelessness.
In San Mateo County, 12% of the homeless population are veterans. Yet, they make up only 6% of the adult population.
Veteran households that make between 30% and 50% of the Area Median Income will be eligible for a spot. The AMI for San Mateo County in 2024 for a single person household was $130,600.
Therefore, veterans seeking a single apartment for one are eligible if they make between $41,150 and $68,550 per year. A breakdown of income eligibility by family size can be found at https://www.smcgov.org/media/149102/download?inline=.
Prices will range from $950 to $2,240 for one, two and three bedroom apartments.
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