We’re excited to announce that we just funded 2000 South Delaware in San Mateo, a 60-unit property serving families and households earning up to 80% AMI. We provided a $17.6 million loan to our long-time developer partners MidPen Housing to acquire, preserve, and deepen the affordability of this property. This unique loan was funded through our TECH Fund and San Francisco Housing Accelerator Fund (SFHAF) Participation.
Adjacent to Delaware Pacific – another 60-unit affordable property owned by MidPen – 2000 South Delaware shares a parking structure, community room, and fitness center, giving residents access to top amenities in a well-connected urban neighborhood. The community is well located within walking distance of a Caltrain Station and surrounded by a blend of affordable and market-rate housing, retail, and commercial spaces.
We are proud to partner with MidPen, one of the leading affordable housing developers in the region. This project preserves affordable housing options in a prime location, ensuring long-term access to quality, stable housing and essential community resources for our neighbors in San Mateo.