HEART and Meriwest Credit Union have partnered to offer conforming mortgages and downpayment assistance loans to moderate-income first-time homebuyers in San Mateo County. Which is the right loan for you, and what does our program offer?
636 El Camino, a HEART-funded project for 109 families in South San Francisco received over 2000 applications for their new apartments opening in Fall 2012.
Ocean View Senior Housing provides 100 one bedroom rental units for seniors at very affordable rates. HEART provided a $500,000 development loan to help renovate and sustain this valuable housing resource…
Thanks to you we reached our $3M campaign goal, and met our $10K challenge grant. With your support, HEART raised $60K, A big thank you to keynote speaker, Steve Westly, who spoke about investing in green buildings, lead sponsor Borel Private Bank & Trust Co., and to all of our presenters and participants.
HEART approved a $200K pre-development loan to Palo Alto Partners, a for-profit entity that represents one-half of the development team for the San Mateo Police Station site redevelopment at 2000 S. Delaware Street in San Mateo. Stay tuned for more details.
Before dawn I joined 244 other volunteers and homeless folks in San Mateo County to go count people living in the streets. We joined thousands across the county in conducting a bi-annual census of people without homes. Since I live in San Bruno and wanted to get to know my town and its residents better, I went to the Safe Harbor Shelter in South City for training and to meet my partner David Sharp, a resident of his Ford Taurus who lives at a local fast food parking lot at night in South City.
HEART hosted a breakfast for forty supporters at the newly-opened Trestle Glen family apartments in Colma, next to the BART station. Guests got to meet a resident, Princess S. (second from right) who told the story of her family’s search for affordable housing once their son was born.
HEART welcomed fifty guests and supporters to a breakfast and tour of the newly-opened Peninsula Station affordable rental homes in San Mateo. Developed by MidPen Housing, and located next to the Caltrain station on El Camino Real, across from Hillsdale Mall, the 68-unit development is a perfect example of high-density, transit-oriented housing.
The California Department of Housing and Community Development (HCD) has awarded a $2 million matching grant to HEART as part of its competitive Local Housing Trust Fund Program funded by Proposition 1C, the housing bond measure approved by state voters in 2006. The funds, which should be available in 2012, provide $700,000 for affordable rental housing loans and $1.3 million for downpayment assistance loans to low and moderate-income families.
Bridge Housing, in partnership with the County of San Mateo, celebrated the grand opening of Trestle Glen family housing during Affordable Housing Week, on May 13, 2010. Trestle Glen features 119 one-, two- and three-bedroom apartments that are affordable to families with annual incomes ranging from $16,491 to $55,560 for a family of four (20 to 50% of Area Median Income, AMI). Rents range from $403 to $1,400 per month.
“Like an FHA loan, but more flexible for the condo we wanted….” ~Jennifer & Andrew
“With the money I saved through HEART, I have enough to fix up the house…” ~Krystal