Quarterly Newsletter
February 2023 | Issue 6
What's New at HEART
Bank of America Awards Grant to HEART to Support Affordable Housing
Continuing its long-term support, Bank of America awarded HEART a significant grant to support the QuickStart Program. The QuickStart Program makes predevelopment, acquisition, and construction loans to jump-start affordable housing projects. QuickStart also provides preservation loans to help keep housing affordable and safe.
Bank of America’s grant helps fund the cost of underwriting and providing financial support to the affordable housing projects we will be assisting in the near future. Thank you to Bank of America!
Welcome to our new Program Manager,
Mac Hart
HEART's programs are growing rapidly and so is our staff. We are pleased to welcome our newest Program Manager,
Mac Hart.

Mac joined HEART in December 2022 as our Housing Preservation Program Manager. He has a background in commercial real estate brokerage, most recently advising affordable housing developers on zoning analysis and acquisition strategy in San Mateo County. He holds a BA in City & Regional Planning from Sonoma State University.

Mac is excited to join HEART and says he is "looking forward to working with the team at HEART and our partners throughout the County to expand affordable housing solutions." 

Check out his full bio here.
HEART awarded $1 Million State Grant for Affordable Housing Preservation 
Thank you, HCD!

To help preserve Naturally Occurring Affordable Housing (“NOAH”) properties in San Mateo County, HEART successfully applied for and received a $1 million grant from the State of California under the Local Housing Trust Fund (LHTF) Program. Out of 24 applicants across the State, HEART was the only agency seeking funding for housing preservation. With HEART’s matching funds, we now have $2 million in equity capital for the NOAH Preservation Program. Paring HEART’s capital equity with conventional financing, we hope to finance the acquisition of a small apartment building to pilot HEART’s NOAH Program in San Mateo County.

We are proud and grateful for the broad financial support we receive from a diverse group of organizations and individuals. HEART's ability to pair grants with conventional financing and local contributions will help us have a greater impact preserving affordable housing.
Thank You to Our Former Members
HEART's Board of Director's is comprised of 11 public officials, selected by the City Selection Committee, and 10 at-large community members. Our Board positions serve three-year terms. We would like to thank and recognize former elected officials Anne Oliva (City of Millbrae) and Rick Bonilla (City of San Mateo), as well as our at-large member Pam Frisella who recently stepped down.
Thank you to former San Mateo Mayor Rick Bonilla for his many years of service as Vice Chair for HEART's Board of Directors, for providing his distinguished expertise as a dedicated Board Member for seven years, and for serving on the Nominating, Program, Finance, & Strategic Working Group Committees.
Thank you to former Millbrae Mayor Anne Oliva for her commitment to creating affordable housing for low-income residents, for providing her distinguished expertise as a dedicated Board Member for six years, and for serving on the Finance, Fund Development & Strategic Working Group Committees of HEART.
We would also like to recognize and thank Pam Frisella, a vital long-time, at-large member and former Foster City Mayor who has served diligently on the Board of Directors for nine years, as Chair of the Fund Development Committee, and on the Nominating and Legislative Committees.
Thank You to our Donors and Supporters
End of Year Fundraising Success!
Thank you to all of our supporters who contributed to our 2022 End of Year Fundraising Campaign in December and helped us surpass our goal!

Your generosity helps support our operations and allows us to apply for additional grants and administer our programs. THANK YOU!

It's never too late to donate. You can make a one-time contribution any time, or make your donation a recurring monthly contribution - even just $5 a month makes a difference.
HEART is now on Instagram
Don't miss out on all of our important new program updates, fun housing memes, and other great content. Support us by following and sharing our page. Follow us at heart_of_smc
Annual Networking and Fundraising Event

Mark your calendars!
HEART's Annual Networking and
Fundraising Event is moving to the fall.
This year we will be back at Devil's Canyon Brewery on Thurs, September 21, 2023 to celebrate
HEART's 20th Anniversary!
Serving the community since 2003, HEART of San Mateo County's mission is to create and preserve affordable housing for low- and moderate-income families.
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Since 2003 | heartofsmc.org