24 E Santa Inez Ave, San Mateo, CA 94401
44 units - Family
AOF Pacific acquired this Craftsman-style apartment community in early 2018. Conventional financing and the participation of another nonprofit partner -- coupled with some creative deal structuring -- allowed us to purchase the property and end any uncertainty that often accompanies projects after the 15-year tax-credit compliance period. We can now settle in for long-term ownership and focus on improving the property and maintaining its affordability.
With 44 units that include two-, three-, and four-bedroom floorplans, Santa Inez Apartments offers an important alternative to the high-cost housing of the Bay Area.