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A fundamental purpose of redevelopment is to expand the supply of low- and moderate-income housing. California Health and Safety Code Section 33334.6 states that the "provision of housing is itself a fundamental purpose of the Community Redevelopment Law and that a general inadequate statewide supply of decent, safe, and sanitary housing affordable to persons and families of low or moderate income threatens the accomplishment of the primary purposes of the Community Redevelopment Law, including job creation, attracting new private investments, and creating physical, economic, social and environmental conditions to remove and prevent the recurrence of blight." The Redevelopment Agency must annually deposit at least 20% of the gross tax increment received into a Low- and Moderate-Income Housing Fund (LMIHF) and at least 15% of all housing created within a redevelopment project area must be affordable to low- and moderate-income households, with 40% of those units available at affordable housing costs to very low-income households. The Redevelopment Agency (with the San Diego City Council serving as its Board) is committed to addressing the serious issue of affordable housing in San Diego and is taking a proactive role through the effective use of its authority, scope and financial resources to augment affordable housing development. Current News - Updated August 25, 2008
Redevelopment Division - Affordable Housing ProjectsCompleted DevelopmentsFirst Time Homebuyer ProgramsIncreased home owner occupancy has been identified as an import factor for improving neighborhood stability, encouraging private investment and improving the local housing stock. The First Time Homebuyer Program is a mechanism to implement and achieve the goals of moderate income households obtain affordable housing. This program also provides for education to the first-time homebuyer participants on the financial responsibilities and considerations of home ownership and economic stability The Home in the Heights Homebuyer Assistance Program was created in an effort to make home ownership more accessible and affordable to families seeking to reside in the City Heights Redevelopment Project Area. Home in the Heights Homebuyer Assistance Program Guidelines Adopted by Council Resolution #R-04240 on date March 14, 2008.Housing Enhancement Loan ProgramsThe Housing Enhancement Loan Programs (HELP) were created to increase, improve, and preserve the supply of low- and moderate-income housing occupied by persons and families of extremely low, very low-, low- and moderate-income. In order to address the needs of the community, these programs include goals of improving, promoting and preserving the positive neighborhood characteristics, promoting varied housing opportunities, improving and enhancing the housing stock, remediating health and safety issues, and supporting and promoting the growth and vitality of the business environment. Links to the Redevelopment Project Area programs can be found below: Affordable Housing Collaborative ProgramBackgroundIn November 2001, the City of San Diego assembled the Comprehensive Affordable Housing Strategy Collaborative (the "Collaborative"), which consists of the Redevelopment Agency (the Redevelopment Division of the City Planning & Community Investment Department, Centre City Development Corporation, and the Southeastern Economic Development Corporation) and the San Diego Housing Commission. The Collaborative was formed to work together to make the best use of their combined resources. On August 6, 2002, the City Council declared a Housing State of Emergency in the City of San Diego and subsequently approved the collaborative proposal to leverage the redevelopment LMIHF to create a $55 million pool of secured assets to assist in developing affordable housing units Citywide. The Agency has committed the entirety of this $55 million to eleven (11) projects, resulting in 722 affordable units and 1055 affordable bedrooms. In July 2007, the Redevelopment Agency authorized lines of credit in four of the Redevelopment Division's project areas. As a result, $34 million was dedicated to an affordable housing "Opportunity Fund" to continue to assist with the creation and rehabilitation of affordable housing for low- and moderate-income households. Status of Opportunity Funds The Redevelopment Division continues to accept applications from developers in order to provide assistance in the creation and rehabilitation of affordable housing opportunities within its eleven (11) designated redevelopment project areas. Please see the link below for a chart illustrating the application review process:
Executive Loan CommitteeThe Executive Loan Committee reviews all Agency subsidy recommendations for projects using the Affordable Housing Opportunity Funds before they are presented to the Agency Board (City Council) for approval. The meetings of the Executive Loan Committee are held as needed on the 4th Thursday of each month from 3:00 p.m. to 5:00 p.m. These meetings are open to the public and are held in the Large Conference Room at 1200 Third Avenue, Suite 1400. Current members of the committee are:
Executive Loan Committee AgendaAugust 28, 2008Executive Loan Committee Minutes
Project UpdatesAffordable Housing Collaborative Project MatrixApplication for Agency Assistance
Other Affordable Housing Resource Information
Contacts/LinksCity of San Diego Redevelopment Agency Centre City Development Corporation Southeastern Economic Development Corporation San Diego Housing Commission |
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