CHC Member: Midpen Housing
Project Name: Kiku Crossing
Location: Downtown San Mateo
Units: 
Date: 2024
State & Federal Funding Sources: $5.2 million loan from the County of San Mateo, $3.8 million loan from HEART of San Mateo County, loans from the California Housing Finance Agency, financing from Bank of America, federal tax credits, and tax exempt bonds.

This innovative apartment community was one of the first in California to use CHC’s sponsored bill, AB 1763, which allows for increased density and height on transit-oriented properties when all of the homes are offered at below market rates.

“Breaking ground on this important new affordable housing opportunity has been decades in the making. I am grateful to MidPen Housing, the County, HEART of San Mateo County, and countless others for recognizing how vital it is to provide people with quality, affordable housing opportunities. Located just blocks away from the Caltrain station, this is a premier example of smart growth” said San Mateo Mayor Rick Bonilla.