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San Mateo Councilmembers Lisa Diaz Nash and Nicole Fernandez, MidPen Housing representatives Mollie Naber and Claire Kostohryz and San Mateo County Supervisor Noelia Corzo, among others, pose at the Kiku Crossing ribbon cutting.
The grand opening of San Mateo’s Kiku Crossing affordable housing development was held June 26, with residents, city officials and representatives from developer MidPen Housing there to celebrate the moment.
The 225 new affordable housing units, located at the corner of South Claremont Street and Fourth Avenue downtown, have been largely full with tenants since December 2024, MidPen Housing Communications Vice President Lyn Hikida said.
Now that the building’s 568 residents have had a chance to settle in and get used to the services, a celebration of the effort — which came to fruition in close collaboration with both the city and county of San Mateo — was in order.
“There was so much joy and celebration in seeing a development like this come to fruition,” Hikida said. “It’s such great vision and leadership from the city, with support from county and private sector partners as well.”
Kiku Crossing prioritized one-third of units for those currently living or working in San Mateo and about 20 units showed preference for those experiencing homelessness, displacement or those with disabilities. Some units also had preferences for public employees at the city, state or federal level — as well as transition-age foster youth.
The income ranges varied from around 30% to 80% of the area median income. The median income in San Mateo County for a family of four is $186,600.
The units were immediately in high demand, with around 6,500 applicants.
“The incredible response to Kiku Crossing reflects the need for more quality affordable housing in downtown San Mateo for working families and vulnerable populations, such as those who are disabled or formerly homeless,” Bank of America Silicon Valley President Raquel González said in a June 26 press release.
Bank of America provided the construction and tax credit financing for the project.
Supervisor Noelia Corzo, who represents the area, said that the addition of affordable housing to such a prime, transit-oriented location was a boon for the community.
“Kiku Crossing brings affordable, transit-oriented housing to the heart of our community,” she said in the press release.
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