Belmont has achieved about 11% of its state-mandated housing goals, a somewhat higher figure than several Peninsula cities, as officials work to recover from a slow development market.

The city saw an increase in the number of permits issued in 2024 compared to 2023, possibly signaling a slow but steady recovery compared to previous two years. Much of that progress came from the ROEM project on Belmont Avenue, a 100% affordable housing project that will provide 125 housing units. About 25 permits for accessory dwelling units were also issued last year.

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