New Housing Rentals for Moderate Income Households in San Mateo

South San Francisco, CA    August 3, 2015   Submitted by HIP HOUSING

A new 60 unit apartment complex, located at 2000 Delaware Avenue in San Mateo, is now taking applications for this new transit-orientated development priced for moderate income households. Below is information from their website which can be accessed by CLICKING HERE.

2000 delaware SM Moderate income housing

Brand new, moderate-income apartments near Caltrain now leasing at $2,510 per month!

2000 Delaware is a 60 unit apartment project for moderate income households located in San Mateo, California with a mix of contemporary 2 bedroom units. The project is a transit-oriented development conveniently located within walking distance of Caltrain, SamTrans, and local retail. Resident amenities include:

  • Washer and dryer in each unit
  • Fitness facility, large community room, central landscaped courtyard
  • Bike storage and covered parking
  • Just blocks away from Hayward Park Caltrain Station and the El Camino Real SamTrans corridor
  • Approximately one mile or less from a variety of retail and grocery options, including Trader Joe’s, Whole Foods, San Mateo Commons, and the Hillsdale Shopping Mall (Nordstrom, Macy’s)
  • Close freeway access to 101 and 92

Interest List

2000 Delaware is designed as a multifamily rental property for moderate income households. All units are currently offered for rent at $2,510 per month. Interested tenants must qualify according to terms outlined by the City of San Mateo in order to be placed on the project’s interest list. You will be notified if you are eligible and will be sent updates on the project’s status and rental opportunities as more information becomes available. (If you are interested please CLICK HERE for more information on applying)

To qualify, annual gross household income must be below 120% of median income in the County of San Mateo. Please refer to the chart below for current income limits, which are subject to change. The minimum annual gross household income for qualified applicants is $65,000.

                                        Maximum Income                                          AnnualMonthly
1 person household      $ 86,500                                                         $ 7,208
2 person household      $ 98,900                                                        $ 8,242
3 person household      $ 111,250                                                       $ 9,271
4 person household      $ 123,600                                                    $ 10,300
5 person household      $ 133,500                                                    $ 11,125

Project Sponsors

2000 Delaware is a joint partnership between Westlake Urban and Palo Alto Partners.

Westlake Urban

Westlake Urban, LCC is a full service real estate development company based in San Mateo, CA. Westlake Urban is committed to investing in and adding value to urban neighborhoods and districts and is currently redeveloping numerous properties in its existing portfolio around the Bay Area. westlakeurban.com

Palo Alto Partners

Palo Alto Partners has over 70 years in combined experience in all facets of the real estate field including design, engineering, construction, entitlement and marketing. Palo Alto Partners has worked with private for-profit and non-profit developers, cities and counties throughout Northern California on commercial, multi-family and single family developments, as well as infrastructure and public works projects.

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