San Diego County has allocated $42 million to fund nine affordable housing developments, aiming to create a total of 872 new homes. This funding initiative is part of a larger effort involving 24 proposal requests, seeking over $89 million for affordable housing across the region. The distribution of these funds was approved by the County Board of Supervisors on January 2, 2024 ## Key aspects of the approved developments include: - Utilization of County Excess and Publicly Owned Land: Out of the nine developments, three will be constructed on county excess land, and two on land owned by the Metropolitan Transit System (MTS). The others will be on private property. - Specific Projects and Funding Details: - **Navajo Family Apartments, San Diego, [92119](/92119):** 45 units, $2.72 million. - **Terrasini, San Diego, [92117](/92117):** 95 units, $7.25 million. - **Spring Street Trolley Station, La Mesa, [91941](/91941):** 150 units, $2 million. - **Beyer Boulevard Trolley Village, San Diego, [92173](/92173):** 100 units, $3 million. - **Mission Village, Fallbrook, [92028](/92028):** 61 units, $7.9 million. - **73rd Street Apartments, San Diego, [92115](/92115):** 120 units, $6.9 million. - **Kindred, San Diego, [92101](/92101):** 124 units, $4 million. - **Paseo Del Rey Apartments, Chula Vista, [91910](/91910]):** 96 units, $8 million. - **Southwest Village, San Diego, [92102](/92102):** 81 units, $854,322. Each development includes a significant portion of units designated for extremely low-income residents. This investment highlights a substantial commitment to expanding affordable housing in San Diego County. Additional information on <Source>
According to the 2020 US census, the population of San Diego, CA was 1,414,545.
The average property price in San Diego, CA is $1,010,255.
The property prices in San Diego, CA are currently on an increasing trend.
The average rent value in San Diego, CA is $3,051.
The average household income in San Diego, CA is $121,230.