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Newsworthy Developments
Citys
Redevelopment Agency Awards Nearly $5.5 Million For Affordable Housing Project
Lillian
Place Affordable Housing Development for Families to Receive Gap Funding from
Citys new Redevelopment Affordable Housing Program
SAN DIEGO Ë Today, the Redevelopment
Agency Board, comprised of the members of the City Council, approved $5,450,000
in gap funding for an affordable housing project for low to moderate income
families located in downtowns East Village.
Lillian Place
, a proposed 74-unit for rent affordable housing project, marks the first
development that will receive funding from the $55 million Redevelopment
Affordable Housing Program created in February to promote affordable housing
projects within the City. The City
of
San Diego
is currently seeking qualified developers and development teams to submit
applications and proposals to receive financing through a collaboration of the
City's Redevelopment Agency (comprised of the Citys Redevelopment Division in
the Community and Economic Development Department, the Centre City Development
Corporation, and the Southeastern Economic Development Corporation) and the San
Diego Housing Commission.
Lillian Place
will offer one-, two- and three-bedroom units and is
designed for families with children. The
75,646 square-foot project footprint will be built on a 36,000 square-foot site
and will also include a learning center/computer room, tot lot, open space
garden area, and 75 underground
parking spaces.
Lillian Place
will include three- and four-story buildings, and the
projects developer will rehabilitate and incorporate a two-story historic
structure, which ensures the preservation of a piece of
San Diego
s African-American history.
"This funding marks an important step in the Citys commitment to
address the affordable housing crisis in
San Diego
," said Hank Cunningham, director of the City of
San Diego
s Community and Economic Development Department and the assistant executive
director of the City of San Diego Redevelopment Agency. "The
Redevelopment Affordable Housing Program has been very successful in providing
incentives to developers to step up to the plate with proposals like
Lillian Place. This City ¥Collaborative will
continue to do what it can to assist and promote the development of affordable
housing opportunities throughout the City of
San Diego."
The
development, designed by Studio E Architects, will be built by Wakeland Housing
and Development Corporation and overseen by the Centre City Development
Corporation (CCDC), as the project is within CCDCs redevelopment project area
boundaries.
Lillian Place
will offer rents for those earning from 30% -110% of area median income.
Proposed pricing for the units will be $329-1,155
per month for one bedroom units, $393-$1,383 for two bedroom units and
$450-$1595 for three bedroom units.
"
Lillian Place
is a
beautifully designed complex that will provide much needed affordable housing
for families living downtown," said Ken Sauder, executive director of Wakeland
Housing and Development Corporation. "Wakeland
is honored to be the first developer to receive final Redevelopment Agency
approvals for funding from the Redevelopment Affordable Housing Program."
The project is named
after Ms. Lillian Grant, a prominent African-American businesswoman and property
owner in the area. Her former
property has been deemed historically significant by the Historical Resources
Board and will be commemorated within the
project.
"Were proud to be a financial partner in
this project that will provide more affordable housing for families with
children in downtown," said Peter Hall, CCDC President.
"The project helps to revitalize a blighted area while preserving and
commemorating some significant African-American history."
The goal of the Citys Redevelopment
Affordable Housing Program is to increase the Citys affordable housing
inventory for very low- and low-income households, to assist people with
moderate-income levels achieve homeownership and, on a case-by-case basis, to
acquire and rehabilitate existing properties.
Proposals may be for residential or mixed-use developments; housing that
is all low-income or is mixed-income; multi- or single-family dwelling units or
a combination thereof; and rental or for-sale units.
Completed units could be available as early as 2005.
In
addition to
Lillian Place
, there are five completed applications for redevelopment subsidies in the
review process, representing 504 new affordable housing units.
These five projects are located in
City
Heights
, Bankers Hill, Barrio Logan, Downtown and
Southeastern San Diego. If approved, these projects could
receive redevelopment subsidies of more than $16 million combined.
For
more information on these and other affordable housing and redevelopment
projects planned and underway, contact the Community and Economic Development
Department at (619) 533-4233 or email AffordableHousingNOFA@sandiego.gov.
Additional affordable housing information is available on the Citys web site
at www.sandiego.gov (type "affordable housing" in the search field).
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