Posted on: August 26, 2026
By: Ana Mata
Affordable Housing Fund awarded to 6 previously approved developments
The Board of Supervisors committed more than $24 million to the construction of affordable housing developments that could help yield 459 units throughout San Mateo County.
The awards, which ranged from 300,000 to nearly $9.4 million and almost entirely funded by Measure K funds, were granted to six different developers.
The funding allocations come from the Affordable Housing Fund, a flagship program in San Mateo County to provide capital subsidies to affordable housing developments that was launched in 2013.
“One of the primary goals of the fund is helping the county’s 21 jurisdictions produce and preserve affordable homes,” Ray Hodges, director of the county’s Department of Housing, said.
The entire request for $9,389,000 in county funds was awarded to support Rise City, a multifamily development in Redwood City by Sand Hill Property Company. This project would yield 94 units, and was the largest award by the county’s affordable housing fund.
A request from MidPen Housing for $3 million to support its development at 626 Walnut St. in San Carlos was also awarded in its entirety. This amount will support building 95 affordable units. This will include five units reserved for those experiencing homelessness, and preference for county and city employees will be given for 24 of the units.
For a small development in Portola Valley, $300,000 was awarded to Habitat for Humanity to produce two affordable single-family homes for first time homeowners. Each residence will have three bedrooms.
Habitat for Humanity has partnered with Ladera Community Church to build the homes on church-owned land, creating homeownership opportunities. Construction of the development is expected to begin next year, according to Habitat for Humanity’s website.
To support the development of 158 units in South San Francisco, $3,545,414 was awarded to developer Related CA for the 1051 Mission Road site. Eight of the units will be reserved for those at risk of homelessness, and 94 for large families requiring multiple bedrooms.
To develop 70 units in North Fair Oaks, $1,537,897 was awarded to Novin Development. This award was a combination of Measure K funds and some of the county’s impact fees. This development is located at 3051 Edison Way.
Finally, $6,575,000 was awarded to Mercy Housing to support development at 555 Kelly in Half Moon Bay. This development will yield 40 affordable units, including 39 for senior farmworkers.
Since 2013, the county has helped support 72 developments or more than 5,000 affordable units. Of those, approximately 3,100 have been constructed and are occupied with tenants, Hodges said.
“[These] are occupied by low-income families, seniors, public employees, veterans, farmworkers, persons with disabilities and formally unhoused persons and families,” Hodges said.
A total of 10 development proposals were submitted for this year’s round of funding, requesting nearly $70 million, Hodges said. The county had just under $30 million available to award.
In 2025, the county awarded more than $41 million to nine developments.
Of the units associated with the award money this year, 24 are dedicated to supporting currently or previously homeless individuals, 76 for those with intellectual or developmental disabilities, 39 for senior farmworkers, 24 for county employees or other public employees, and 193 units for families needing two- and three-bedroom homes.
Full Source: SM The Daily Journal
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