Affordable Housing Developers Await New Playbook
Project-based vouchers are especially helpful in delivering housing to very low-income residents and the homeless, says Matthew Franklin, President and CEO of MidPen Housing, a Foster City, California-based affordable housing developer.
Local and state officials celebrate construction of long-awaited Roseland affordable apartments
Casa Roseland, which will deliver 75 affordable homes, is part of Tierra de Rosas, a community-led effort to strengthen the Roseland neighborhood’s economic resiliency, expand housing choice, and improve community wellbeing. MidPen was selected by the Sonoma County Community Development Commission to be the master developer for the Tierra de Rosas project, a proposed mixed-use development with affordable housing (Casa Roseland), market-rate housing, a civic-use building, and a 10,000 square foot mercado.
MidPen Housing and Partners Break Ground on 75 Affordable Homes in Santa Rosa
“Today marks an important moment in our efforts to address our region’s affordable housing crisis and ensure Sonoma County remains a place where everyone has the opportunity to thrive,” said District 3 Supervisor Chris Coursey, who represents the Roseland area.
MidPen starts next phase of Midway Village housing development in Daly City
The development aims to ease the high housing costs in San Mateo County, home to 743,000 people and the northern edge of Silicon Valley. “We know that the preponderance of these units are going to be for low-wage working households — the backbone of the local and the regional economy,” said Matt Franklin, President and CEO of MidPen Housing.
Seven developers propose affordable housing downtown
MidPen submitted two preliminary proposals in response to Menlo Park’s Request for Qualifications. MidPen has completed many projects in the area, including Firehouse Square in Belmont.
Editorial: Affordable Housing – Time for Sonoma to put its money where its mouth is
Nonprofit housing developers like Burbank or MidPen Housing know everything about how to leverage government money, but it’s up to the government to get the ball rolling. If the council is serious about creating affordable housing, now’s the time to prove it.
Work begins on affordable housing development on Verano Ave.
Sonoma County Supervisor Rebecca Hermosillo; “This project represents a critical step in addressing the housing needs of our community, and we are grateful for the collaboration of all our partners–MidPen Housing, as well as the state and federal funds that made it all possible.”
Groundbreaking: New Housing For Homeless Veterans
Construction is officially underway on Oak Gardens, a new housing development designed to provide permanent homes and support services for military veterans experiencing homelessness and their families. Community members, elected officials, veterans’ advocates, and business leaders gathered for a groundbreaking ceremony at the U.S. Department of Veterans Affairs (VA) Palo Alto Health Care System campus in Menlo Park, where the 62-unit development will be built.
Wells Fargo Provides Financing for Daly City Affordable Housing
Wells Fargo has provided a total of $162.9 million in financing for Phase II of Midway Village, an affordable housing project in Daly City, roughly 8 miles south of San Francisco. MidPen Housing Corp. is the borrower and developer.
Sen. Schiff Highlights Affordable Housing on Bay Area Visit
U.S. Senator Adam Schiff (D-Calif.) toured Brooklyn Basin in Oakland to experience local efforts to build affordable housing units along the Oakland shoreline. On the tour, Schiff was joined by representatives from the Northern California Carpenters Union, Alameda County Building and Construction Council, MidPen Housing, and Signature Development Group.