San Diego Receives $20 Million Housing Grant

The Daily Transcript, 7/11/06 |

San Diego will receive $20 million towards affordable housing thanks to a grant from the California Department of Housing and Community Development. This is expected to provide housing for 412 families.

Some local affordable housing activists applauded the news, saying it’s a testament to the cooperation between San Diego community groups and some developers.
Donald Cohen, founder of the non-profit research group the Center for Policy Initiatives, said $10 million of this money is slated towards the development of affordable housing at 16th and Market Streets downtown. This project was the collaboration of San Diego’s JMI and Lennar, two development groups, as well as Father Joe’s and other housing organizations.
“These developers took a big risk and did something that was pretty remarkable from a community perspective,” Cohen said.
“Ten million dollars of this grant is recognition of that kind of a unique partnership between community minded developers and a great project that will actually house families.”
The HCD said the $20 million going to San Diego includes more than $19.5 million creating affordable apartment homes through the Multifamily Housing Program, and $500,000 in Workforce Housing Reward Program funds.
Overall, HCD director Lynn L. Jacobs announced Tuesday that more than $210.7 million in Proposition 46 funds will be distributed around the state. The awards were distributed among 42 counties to provide housing opportunities for more than 11,397 Californians.

Proposition 46 is the $2.1 billion housing bond approved by voters in November 2002.