County of San Mateo Housing Opportunities
In response to regional housing costs that are among the highest in the country, the San Mateo County Community College District has undertaken initiatives to assist faculty and staff with high housing expenses. The District currently owns and operates 104 housing units at its College of San Mateo and Cañada College campuses, which are available to faculty and staff (who meet the definition of first-time homebuyers). Employees are eligible to live in these units for up to seven years and are strongly encouraged to save the money from their reduced rent to apply toward a down payment to buy housing in the area. The District also has a second loan program for first-time homebuyers that will supplement the employees’ down payment savings up to $150,000 and a closing cost grant for $1,000.
The City of San Mateo has a Below Market Rate Rental Program that serves households whose incomes range from very low to moderate. Apartments are available at different income levels at various locations throughout San Mateo. They are individually owned and operat-ed. However, the City provides a master wait-ing list for all of the BMR units.