Affordable housing a crucial piece of Measure K spending | January 2, 2019 | Almanac | Almanac Online |

Almanac

News - January 2, 2019

Affordable housing a crucial piece of Measure K spending

by Dave Boyce

Affordable housing is scarce for low-income individuals and families in San Mateo County. U.S. Census Bureau statistics for 2017 show a median annual household income in the county of $105,667, while the California Association of Realtors says that the median price of a home in the third quarter of 2018 was $1.6 million, requiring an annual salary of at least $341,300 to afford the mortgage payments.

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Kate Bradshaw contributed to this report.

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