Discover How State Awards Boost Affordable Housing in San Diego County

Wooden framework symbolizing San Diego affordable housing funding.

New State Funding Bolsters Affordable Housing in San Diego

Residents of San Diego County have reason to celebrate as four affordable housing projects recently secured a significant influx of funding. These developments, which have already received $16 million in County funds, are set to gain an additional $59.4 million from the state's dedicated finance program aimed at combating homelessness and expanding housing availability.

Governor Gavin Newsom announced this funding as part of a larger initiative, distributing over $141 million across California to tackle the pressing issue of homelessness. The four developments include the 73rd Street Apartments, Encanto Gateway, Iris Avenue Trolley Apartments, and Goodwin on Glacier, which together will create 380 much-needed units of affordable housing.

Details of the Developments

The 73rd Street Apartments, located in the College Area, will consist of 120 units and specifically cater to individuals earning between 30% and 50% of the County Area Median Income (AMI). Previously, this project received nearly $7 million from the County and has now been awarded an additional $18.48 million by the state.

Meanwhile, the Encanto Gateway project in Southeastern San Diego will offer 65 homes to low-income families and those experiencing homelessness, with state funding complementing the County’s prior investment of $6.62 million. The Iris Avenue Trolley Apartments will deliver 64 units tailored for low-income households, while Goodwin on Glacier is dedicated to providing 131 housing units for seniors.

The Bigger Picture: Housing Trends in San Diego

This robust financial backing underscores a pivotal trend towards enhancing affordable housing in San Diego County, which has invested over $327 million since 2017. This commitment has led to the successful opening of 2,901 homes, with plans for even more on the horizon. In 2024 alone, the County's Housing and Community Development Services aided over 20,000 residents in securing safe and affordable housing.

As local authorities continue to leverage excess land and engage in collaborative projects, there’s a collective hope that these efforts will significantly reduce homelessness in the community, fostering an environment where all residents can thrive.

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Discover How State Awards Boost Affordable Housing in San Diego County

New State Funding Bolsters Affordable Housing in San Diego

Details of the Developments

The Bigger Picture: Housing Trends in San Diego

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