REDWOOD CITY, CA—During this unprecedented time in history, more Bay Area residents are feeling the economic and housing crunch as the downturn wears on. As homebuyers look for solutions, developers are providing more options, especially for those earning between 30% to 70% of the area median income.
One solution is Fair Oaks Commons, a 100% affordable residential rental community that will provide independent living for low-income families, veterans and formerly homeless households.
"These 67 new affordable units will allow families to create stability during this unprecedented time and beyond," said Warren Slocum, San Mateo County supervisor. "Partnering with Alta Housing offers San Mateo County families, veterans and those formerly homeless a place to call home."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.