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.
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.
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.
North Fair Oaks, CA
2821 El Camino Real will create 67 affordable homes for low-income people, veterans, and people at risk of homelessness.Learn More
Pacifica School District Workforce Housing
930 Oddstad Boulevard will create 45 affordable homes for teachers and staff at the Pacifica School District.Learn More
Bay Meadows Affordable
San Mateo, CA
Bay Meadows Affordable Housing will create 68 affordable, transit-oriented homes for low-income families in San Mateo.Learn More
Ocean ViewLearn More
Serenity Senior HousingLearn More
636 El CaminoLearn More
Delaware PacificLearn More