SAN MATEO, CA – In a landmark move that promises to advance affordable housing efforts in high-cost markets, The Vistria Group and Ethos Real Estate announced the conversion of nearly 700 market-rate apartments to long-term affordable housing in San Mateo County, the wealthiest county in the United States by median incomes, home values, and investment income.
This transaction represents one of the largest market-rate to affordable housing conversions in California’s history. Conversion work at…