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Current News - Updated April 17, 2008
San Diego is currently facing an affordable housing crisis. The Redevelopment Agency (San Diego City Council) is committed to addressing this serious issue and is taking a proactive role through the effective use of its authority, scope and financial resources to augment affordable housing development. 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 City Redevelopment Division housed in the Community and Economic Development Department, Centre City Development Corporation, and Southeastern Economic Development Corporation) and the San Diego Housing Commission. The Collaborative was formed to work together to create the Comprehensive Affordable Housing Strategy while making the best use of their combined resources. The Comprehensive Affordable Housing Strategy identified a five-year (1999-2004) affordable housing goal of 2,185 units. This goal was 10% of the estimated five-year affordable housing need. On August 6, 2002, the City Council declared a Housing State of Emergency in the City of San Diego and subsequently approved the Collaborative's proposal to leverage the redevelopment Low- and Moderate-Income Housing Fund to create a $55 million pool of secured assets to assist in developing affordable housing units Citywide. In February 2003, the City of San Diego Redevelopment Agency released a Notice of Funding Availability (NOFA) to seek proposals from qualified developers and development teams to construct residential or mixed-use developments; housing that is all low-income or mixed-income; multi- and/or single-family dwelling units; as well as rental and/or for-sale units. To date, approximately $48 million of the original $55 million NOFA has been approved for expenditure by the Agency to create 720 affordable units. Demand for funding exceeds the original $55 million NOFA with $64 million in requested subsidies still in the pipeline. $55 Million NOFA - Status of Projects
Executive Loan Committee - Current Meeting Agenda
Other Affordable Housing Resource Information
NOFA Documents
Contacts/LinksCity of San Diego Redevelopment Agency Centre City Development Corporation Southeastern Economic Development Corporation San Diego Housing Commission City of San Diego Affordable Housing Task Force: In June 2003, the Task Force made recommendations to improve affordable housing options and strategies in the City of San Diego. Recommendations included financial strategies, housing production goals and current regulatory impediments. |
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