REDWOOD CITY, CA—During this unprecedented time in history, more Bay Area residents are feeling the economic and housing crunch as the downturn wears on. As homebuyers look for solutions, developers are providing more options, especially for those earning between 30% to 70% of the area median income.
One solution is Fair Oaks Commons, a 100% affordable residential rental community that will provide independent living for low-income families, veterans and formerly homeless households.
"These 67 new affordable units will allow families to create stability during this unprecedented time and beyond," said Warren Slocum, San Mateo County supervisor. "Partnering with Alta Housing offers San Mateo County families, veterans and those formerly homeless a place to call home."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
