In one of the nation’s most expensive housing markets, a nonprofit says subsidized loans are still available to help low-income residents in San Mateo County mobile home parks.

The Housing Endowment and Regional Trust of San Mateo County (HEART) said this week that funding remains for at least two more loans through its Mobile Home Loan Program, which launched as a pilot last year. The program provides up to $100,000 in low-interest, 30-year loans with rates ranging from 0.25% to 1% and requires no down payment.

The loans aim to help eligible residents replace deteriorating units in order to stay close to work or school.

The program is managed by HEART, an independent, county-level housing agency financially supported through a joint powers authority by San Mateo County and all its citi

See Full Page