2024-08-30
The San Mateo County Board of Supervisors approved a $14 million loan for the renovation of Midway Village, an affordable housing development at Rockridge Geotechnical’s site at 88 Park Street in Daly City. Originally constructed in the 1970s, the updated Midway Village will create 555 affordable units across five phases; Phase 1, which consisted of 147 units, was completed in May. The $14 million loan will help fund the 111-unit Phase 2, and 29 of those units will be allocated to clients of the County’s Behavioral Health and Recovery Services program.
From Local News Matters: https://www.msn.com/en-us/money/realestate/san-mateo-county-board-oks-14m-loan-for-transformative-affordable-housing-project/ar-AA1pJhp2