The state will award more than $38 million in competitive funding to two affordable housing projects in San Mateo County, adding 208 units earmarked for veterans and the very low and extremely low income to the county’s affordable housing inventory.
The Strategic Growth Council awarded funding for Bayshore Affordable Apartments within The Gateway at Millbrae and Light Tree Apartments in East Palo Alto from the state Affordable Housing and Sustainable Communities program which funds housing and transportation improvement projects aimed at encouraging residents to drive less, reducing traffic congestion and greenhouse gas emissions to combat global warming, according to the county.
San Mateo County government invested $2.1 million to Bayshore Affordable Apartments and $3.04 million to Light Tree Apartments from its Affordable Housing Fund which includes a mix of funding streams, including sales tax revenue from voter-approved Measure K. Bayshore Affordable Apartments will sit within The Gateway at Millbrae, an apartment/hotel/retail development by master developer Republic Urban to be located adjacent to the BART/Caltrain transit station. The affordable component to be development by The Core Companies, will provide 80 units for veterans, including homeless veterans, according to the county.
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
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PLEASE TURN OFF YOUR CAPS LOCK.
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