Oceanside’s first affordable housing project under a new city ordinance will add 38 rental homes as part of the nearly 36-acre Mission Lane master planned community.
The new housing is a collaborative effort between Integral Communities and affordable housing developer Chelsea Investment Corporation. It’s the first project under Oceanside’s Inclusionary Housing Ordinance, which requires projects of three or more homes to reserve at least 10 percent of units for low-to moderate-income families.
“As the first inclusionary project to be built in the city of Oceanside, this is an important milestone and we hope it inspires other developers to integrate affordable housing within their new projects,” said Jim Schmid, Chelsea’s founder and CEO.
A total of 379 homes will be built at Mission Lane, located on formerly vacant property adjacent to the historic Mission San Luis Rey off Mission Avenue.
The 32 affordable rental units will include 12 one-bedroom, 20 two-bedroom, and six three-bedroom units in two three-story buildings designed in a Spanish Colonial style.
Families who earn 50 to 60 percent of the San Diego County median income qualify to rent the units. Leasing activity will start this summer, with move-ins anticipated this fall.
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