168 Pacific is a 9-unit apartment complex in the City of Pacifica. MidPen acquired the property in 2016 in order help preserve naturally occurring affordable rents in San Mateo County, an otherwise high-rent market. The property will undergo both immediate repairs and moderate future renovations, including safety as well as interior and exterior upgrades. A portion of the funding for this property comes from the San Mateo County Department of Housing’s Demonstration Program for Multi-Family Acquisition and Rehabilitation.
