SAN DIEGO COUNTY, Calif. — As part of his efforts to produce more homes that are affordable for all San Diegans, Mayor Todd Gloria Monday highlighted seven proposed affordable housing projects that have been recommended for funding under a new program called “Bridge to Home” that will help create more affordable housing throughout the city.
“This is another effort to ensure the city is doing all it can to foster the creation of housing that is affordable to low-income San Diegans,” Mayor Gloria said. “The Bridge to Home program will help provide the gap financing needed to make these housing projects a reality and create hundreds of homes for families and individuals who can’t afford market-rate housing – including many who are currently experiencing homelessness.”
Mayor Gloria was joined by City Council President Sean Elo-Rivera, City Councilmember Vivian Moreno and others to highlight the new city program at an early morning news conference.
"These communities offer the possibility of growing smart with new homes near transit that will connect residents to job centers across our region, Mayor Gloria said during his 2022 State of the City address. We are legally and morally obligated to plan to add more than 100,000 new homes during the next eight years, and folks, we are getting it done."
The seven projects selected for funding under the new program will create 662 homes, including 193 that come with supportive services for people experiencing homelessness. All seven are within a half-mile of an existing or planned major transit stop, making the program consistent with the city’s climate strategies. They are:
- Iris at San Ysidro – 100 homes, including 15 with supportive services
- Beyer Boulevard Transit Village (San Ysidro) – 100 homes
- Ventana al Sur (San Ysidro) – 101 homes, including 25 with supportive services
- 17th and Commercial (East Village) – 107 homes, all with supportive services
- Cortez Hill Apartments (Downtown) – 88 homes, including 14 with supportive services
- 43rd Street Apartments – 65 homes, including 32 with supportive services
- Rancho Bernardo Transit Village – 100 homes
Under the competitive program, nearly $32 million in loan funding is being made available to affordable housing developers. Administered by the City of San Diego’s Economic Development Department, “Bridge to Home” provides gap financing assistance to builders of affordable housing, drawing its funding from the city’s Low and Moderate Income Housing Asset Fund, the federal Community Development Block Grant program and the state’s Permanent Local Housing Allocation program, which was created through Senate Bill 2, authored by Senate President pro Tem Toni G. Atkins in 2017.
WATCH RELATED: San Diego Mayor Todd Gloria delivers 2022 State of the City address. (Jan 12, 2022)