In a major move to combat the housing crunch, the County of San Diego is funneling $42 million into nine affordable housing projects that will see approximately 872 new homes rise from the ground. These projects were handpicked from a whopping 24 proposals that sought over $89 million in funding, reflecting the region's urgent need for affordable living spaces. The County Board of Supervisors has given the green light for the monetary distribution, opening a new chapter for many San Diegans in dire need of a roof over their heads that doesn't break the bank.
Among the lucky nine, three will sprout on land deemed excess by the County, while two others will call publicly owned land their base, with the MTS holding the deed. In a detailed report by County News Center, it's evident that there's a concentrated effort to prioritize the extremely low-income populace, carving out a slice of the housing pie specifically tailored for those at the bottom of the economic ladder.
The County of San Diego has awarded $42 million to nine affordable housing developments that will provide about 872 new homes. https://t.co/MyeXr68Azr
— SD HHSA (@SDCountyHHSA) January 2, 2024
Taking the lead is Terrasini, earmarked for a generous $7.25 million to bring 95 units to life, with 10 reserved for the extremely low-income bracket. Not far behind, Mission Village snags a hefty $7.9 million to build 61 homes, half dedicated to the same financially strained demographic. The allocation appears finely tuned to address disparities in housing accessibility, especially for those struggling to keep pace with San Diego's skyrocketing cost of living. Spring Street Trolley Station and Beyer Boulevard Trolley Village are set to receive $2 million and $3 million, respectively, ensuring that more than 60 families facing economic hardships will have a place to call home.
The investment in affordable housing by the County since 2017 totals a staggering $235 million, with an already impressive track record of 1,660 new units delivered, as mentioned in the County News Center report. With another 2,926 on the horizon, the future seems a tad brighter for nearly 17,000 people anticipated to benefit from almost 7,600 anticipated affordable units.
