"While the project has yet to be designed and no technical details have been released, San Mateo County the property's owner and one of the nation's most expensive housing markets said the development will be reserved for households earning up to 80% of the area median income under a long-term affordability covenant. For individuals, that income level is about $109,000, with higher limits for larger households."
"From 10 developers, the county housing committee chose MidPen Housing, citing its strong track record, deep financing experience and thoughtful design strategy. The decision moves the project closer to the planning and design phase. Design and technical details are expected in 2026, with the county and MidPen Housing conducting community outreach before submitting project approval applications to the San Carlos City Council."
San Mateo County selected MidPen Housing from ten applicants to develop at least 75 affordable apartments within walking distance of the San Carlos Caltrain station. The county acquired three parcels on Walnut Street in 2024 to create new below-market-rate housing in a transit-rich part of San Carlos. The development will be reserved for households earning up to 80% of the area median income under a long-term affordability covenant; for individuals that limit is about $109,000. The project is intended to serve low-, very low-, and extremely low-income households, including public employees and individuals experiencing homelessness. The county authorized $250,000 for design professionals and site analysis. Design and technical details are expected in 2026, with community outreach prior to submitting approvals to the San Carlos City Council.
Read at www.mercurynews.com
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