A San Mateo county official is proposing low-interest building-acquisition loans to assist non-profit organizations suffering from skyrocketing rents on Silicon Valley’s northern edge.

On Sept. 12, county manager John Maltbie will bring the idea before the San Mateo Board of Supervisors. Should it pass, non-profit agencies that have contracts with San Mateo County would be allowed to apply for loans up to $1 million. The county’s $18 million contingency reserves would finance the loans.

The reserves are normally earmarked for emergencies, but Maltbie says non-profits in San Mateo County are in a crisis. As rents continue to skyrocket and space grows ever harder to find, non-profit agencies seeking to help others are finding themselves in need of less expensive shelter.

Two of those groups – the Women’s Recovery Association and Shelter Network, both of Burlingame, Calif. – are going before the county board of supervisors Sept. 12 to request a $750,000 loan to purchase office space. The groups, which provide services for battered spouses and children, seek to buy an area 10,000-square-foot building for $3.6 million.

There are an estimated 18,000 non-profit agencies in the Bay Area, but currently few programs exist to help them find and retain affordable office quarters. In San Francisco, Supervisor Michael Yaki says he will introduce an ordinance giving incentives to developers who reserve a part of their office projects for the city’s non-profits.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 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.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.