The 2022 Affordable Housing Needs Report highlights market conditions in San Mateo County and key indicators of housing need for low-income families, including: levels of housing production, state and federal funding, asking rent trends, and local wages. Asking rents in San Mateo County increased by 5.3% between Q4 2020 and Q4 2021.
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(Correction July 14, 2022: An earlier version of this report stated on page 2 that state & federal funding in 2019-2020 was $223M, and on the cover and page 3 that LIHTC production & preservation decreased by 65%. The correct amounts are $243M and 62%, respectively.)