The state has awarded the San Diego Housing Commission an additional $35 million from the Homekey program for the purchase of an extended-stay hotel property on Hotel Circle.
That property will be converted into affordable homes with supportive services, in collaboration with the city and county, a statement from the SDHC read.
“Housing ends homelessness, and this latest funding award will help us house more than 160 San Diegans and provide the services they need to remain stably housed,” Mayor Todd Gloria said.
According to the housing commission, the purchase and rehabilitation of the property at 2087 Hotel Circle South — to be known as Presidio Palms — will create 161 affordable rental apartments, all of which will serve people experiencing homelessness.
“Creativity and innovation are essential in solving our housing and homelessness crisis,” said City Council President Sean Elo-Rivera. “The Homekey program has provided the tremendous opportunity to create affordable homes incredibly fast for San Diegans, meeting the moment of today’s need for housing.”
SDHC has committed 161 rental housing vouchers to help residents pay their rent at this property. The commission will request approval from its board, subject to review by the San Diego City Council, to accept and expend the funds for the purchase and rehabilitation of the property.
In addition to the Homekey funds awarded for Presidio Palms, San Diego has received more than $70.2 million from the Homekey program, including previous rounds of funding, to create 447 affordable homes.
