San Diego breaks ground on affordable housing development

Category: News
Published: 2022-06-27
San Diego breaks ground on affordable housing development

SAN DIEGO, CA – The County of San Diego has broken ground for the construction groundbreaking of a new affordable housing complex.

The ceremony marked the groundbreaking for Levant Street Cottages in the Linda Vista neighborhood of San Diego. The site where the building will be developed once housed a County Child Welfare Services building.

According to information from the City Council, the homes will be built on a 4.57-acre site and will include 127 independent and affordable senior housing units; the complex is expected to house about 150 people. At least 20% of the units will be for senior adults at or below 50% of the area median income. The remainder will be for seniors at 60% or less of income.

The County is working with Wakeland Housing and Development and San Diego Kind Corporations to develop the property. The developers will lease the land for US$1 per year and pay the County an annual administrative fee of US$10,000. Meanwhile, the housing will remain affordable for 70 years.

The San Diego Housing Commission provided 70 project-based vouchers. The state provided US$23 million in tax credits and US$19 million in Multifamily Housing Program funds. Construction of Levant Street Cottages is scheduled for completion in early 2024.

Since 2017, the County has invested US$175 million to create affordable housing in the region. Seven other surplus County properties are slated for similar projects.

Source: MEXICO-NOW Staff