San Diego is gearing up to use the next round of Bridge to Home funds to jumpstart roughly 430 new affordable homes across the city, officials announced today. The move is part of a broader push to speed up projects that serve low-income households and people at risk of homelessness, and it is tied to planning for the FY 2027 budget and an upcoming Notice of Funding Availability for Bridge to Home.
In today's post on the City of San Diego X account, officials said the next Bridge to Home round would help advance the creation of 430 affordable units. The brief update put the program back on residents’ radar as budget decisions and funding priorities head into the final stretch.
As the City continues working to expand housing opportunities for low-income individuals and families, it is proposing that the next round of #BridgetoHome funds help advance the creation of 430 new affordable homes.
— City of San Diego (@CityofSanDiego) June 12, 2026
Learn more: https://t.co/PszzCRrt20
#SanDiego
How Bridge to Home Speeds Projects
Bridge to Home provides gap financing that fills budget shortfalls so qualified developers can move affordable housing projects forward, according to the program description on the City of San Diego website. The city notes the program has already gone through multiple funding rounds, with funded projects producing hundreds of affordable homes and many more still in the pipeline.
Where the 430 Might Come From
Past rounds show how a relatively modest pool of gap financing can unlock dozens or even hundreds of units. In December 2025, the city recommended $15 million toward projects expected to yield 528 affordable apartments, as reported by 10News. Large master-planned developments already in the pipeline also include sizable affordable components. For example, Riverwalk’s project overview notes the master plan ultimately calls for 430 affordable homes at full buildout, illustrating the scale of projects the city is trying to unlock, per Riverwalk San Diego.
Budget Math and Next Steps
The city’s proposed FY 2027 budget includes a $10 million line item for a future Bridge to Home Notice of Funding Availability, the Independent Budget Analyst review shows. As the plan moves from proposal to actual allocations, staff will review developer submissions, and any recommended loans will need City Council approval before funds are committed.
The coming weeks will reveal which projects make the cut; committee reports and council votes will determine how many of those 430 units actually secure financing. For now, the announcement signals that San Diego is steering limited public dollars toward projects city leaders say can deliver affordable homes faster.
