South San Francisco, CA August 27, 2021
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The old Hot Shots, Roy’s Deli, more recently Ben Tre’s location at Grand Avenue and Cypress Avenue is ready for a new purpose as demolition is completed with a recent ground breaking for a 84-unit affordable housing project to be completed in 2023.
This 5-story housing project will also include 6,000 SF of retail, parking, and other amenities per the South San Francisco Economic Department. ROEM Development is funding this development through a combination of bonds, tax credits, and financial contributions from San Mateo County and the City of South San Francisco. A lottery for the affordable units *to rent* should take place in early 2023, the Department states, yet we do not know if South City residents will have priority.
When asked what is considered ‘affordable’, the Department responded:
So, the affordable units will be targeted to residents making a range of income levels, set by the Federal government and San Mateo County. For example, a single person making less than $63,950, or a couple making up to $73,100, or a 4-person family making up to $91,350 per year, would qualify for the units. The rent levels are set based on income level. So in one of the examples above, a single person making $63,950/year would have their rent set at $1,599/month, which equates to 30% of their income.
There is much more to discuss, so we invite you to visit our housing division webpage at www.ssf,net/housing.
While many lament the high cost of housing and recognize the urgent need for affordable housing, there is equal concern about the continued increased density and the impact this has on the quality of life which brought people here to begin with. #GrowingPains
We do not have additional information about the lottery at this time and we will update when more info becomes available.