Mayor Todd Gloria has recommended three more affordable housing projects Wednesday for funding under San Diego’s “Bridge to Home” program to end homelessness.
The three projects selected for funding in Round 2 of the program will create 242 homes, including 39 that are set aside for people experiencing or at risk of homelessness. The three projects are:
- Cuatro at City Heights – 115 homes
- Encanto Gateway – 64 homes
- Iris Avenue Trolley Station (San Ysidro) – 63 homes
All are within a half-mile of an existing or planned major transit stop, making the program consistent with the city’s climate strategy.
“San Diegans are struggling because of the high cost of housing, and the best way to address that is to dramatically increase the production of homes that low and middle-income San Diegans can afford,” Gloria said.
“When we complete Round 2 of this program — just over a year since we launched — we’ll have more than 900 new affordable homes for lower-income residents approved and in the pipeline, with more to come,” he added.
Under the program, loan funding is made available to affordable housing builders to help complete their financing for projects.
In Round 1 of the program, the city awarded $31.9 million to the developers of seven projects that will create 662 affordable homes, including 193 that will be set aside for people experiencing homelessness. Six of those seven projects have been approved by the City Council, with the remaining project expected to come forward for a vote this month.