Eleven projects will receive a total of $54 million to create more affordable housing across San Mateo County that includes the creation or renovation of 1,069 affordable housing units.
Funding sources include more than $23 million from the Measure K, the countywide, voter-approved half-cent sales tax that provides funds for local needs. Grants were awarded competitively through the county’s affordable housing fund. This is the county’s 10th round of grants since the fund was established in 2013. Of the 1,069 homes being supported across the 11 awarded projects, 279 homes are specifically for unhoused individuals and families. A total of 196 are for households with extremely low incomes.
Since the inception of the affordable housing fund, the county has supported the building, preservation and rehabilitation of more than 4,500 affordable homes.
Works out to $50K per unit in San Jose and San Mateo County. SMC’s numbers are from a Measure K update. Double the projected number of 225,053 in the Mercury News bay area and at the calculated cost it would be only $2B for the housing units which is equivalent to to COST OF 10 lane miles of 101 expansion, less than a 1/3rd of what CalTrans built in San Mateo County with CCAG matching funds- to expand VMT!
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Works out to $50K per unit in San Jose and San Mateo County. SMC’s numbers are from a Measure K update. Double the projected number of 225,053 in the Mercury News bay area and at the calculated cost it would be only $2B for the housing units which is equivalent to to COST OF 10 lane miles of 101 expansion, less than a 1/3rd of what CalTrans built in San Mateo County with CCAG matching funds- to expand VMT!
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.