City Funding Helps Create Hundreds of New Affordable Homes
A City program will help fund the construction of 400 new affordable homes for San Diegans.
As part of Round 3 of the City’s Bridge to Home program funding, the City’s Economic Development Department (EDD) is recommending $15.4 million for five projects that would create 400 new affordable units, with 96 permanent supportive housing units for some of our most vulnerable populations.
These new affordable homes for seniors, families and people at-risk of homelessness will be located in Hillcrest, City Heights, Palm City/Nestor, Pacific Beach and Clairemont. Two of the projects will include onsite daycare.
My Bridge to Home Program launched in 2021. Administered by the City’s EDD, the program provides gap financing to qualified developers to help make affordable housing projects a reality and create homes for families and individuals who can’t afford market-rate housing.
The total investment in Bridge to Home so far has helped fund 937 affordable homes in Rancho Bernardo, City Heights, El Cerrito, Downtown, Encanto and San Ysidro, including 272 homes with attached supportive services for people experiencing homelessness or at risk of becoming homeless.
Bridge to Home is one important part of my overall efforts to help produce more homes that are affordable for all San Diegans.
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