Projects Funded

Projects Under Review

HEART has completed a first phase funding review of the following multifamily rental projects and directed the project sponsors to submit a final funding application pending an award of LHTF funds from HCD.

400 East 5th Avenue

San Mateo, CA

400 East 5th Avenue will create 224 affordable rental homes for extremely low, very low, and low-income individuals and families.

Developer: CORE
Loan Application Amount: $ 3,800,000

• 43 units at <30% AMI
• 78 units at 31% – 60% AMI
• 102 units at 61% – 80% AMI

965 Weeks Street

East Palo Alto, CA

965 Weeks Street will create 135 affordable rental homes for extremely low and very low-income individuals and families.

Developer: MidPen / EPACANDO
Loan Application Amount: $ 3,230,000

• 41 units at <30% AMI
• 94 units at 31% – 60% AMI

493 Eastmoor Avenue

Daly City, CA

493 Eastmoor Avenue will create 71 affordable rental homes for extremely low and very low-income individuals and families.

Developer: MidPen
Loan Application Amount: $ 2,470,000

• 15 units at <30% AMI
• 56 units at 31% – 60% AMI

HEART has funded the following developments

You can download our two-page fact sheet: Click here.

2821 ECR

North Fair Oaks, CA

2821 El Camino Real will create 67 affordable homes for low-income people, veterans, and people at risk of homelessness.

Pacifica School District Workforce Housing

Pacifica, CA

930 Oddstad Boulevard will create 45 affordable homes for teachers and staff at the Pacifica School District.

Bay Meadows Affordable

San Mateo, CA

Bay Meadows Affordable Housing will create 68 affordable, transit-oriented homes for low-income families in San Mateo.

Ocean View

Pacifica, CA
Ocean View offers 100 affordable rental homes for seniors.

Serenity Senior Housing

East Palo Alto, CA
*Opened Nov. 2017, Serenity Senior Housing offers 41 affordable rental homes for seniors.

 636 El Camino

South San Francisco, CA
636 El Camino offers 106 affordable rental homes for working families

Delaware Pacific

San Mateo, CA
Delaware Pacific, located at the site of the old police station, offers 120 affordable rental homes for working families

Peninsula Station

San Mateo, CA
Peninsula Station offers 68 affordable rental homes for working families, located next to CalTrain and near Hillcrest Shopping Center

Trestle Glen

Colma, CA
Trestle Glen offers 119 affordable rental apartments for families, located near Colma BART

The Village at the Crossing

San Bruno, CA
The Village at the Crossing offers 228 affordable rental homes for seniors, and is located next to BART, buses and Tanforan Mall

Hillcrest Senior Housing

Daly City, CA
Hillcrest Senior Housing provides 40 affordable rental homes for seniors conveniently located next to BART and bus lines