San Diego to Purchase 3 Hotels to Provide Affordable Housing Units
The San Diego Housing Commission voted unanimously 4–0 to purchase three hotel properties for nearly $158 million to be converted to permanent affordable housing—dependent upon receiving state funds—during a meeting on April 20.
The Housing Commission is hoping to receive a grant from Homekey—a statewide program by the California Department of Housing and Community Development to hasten construction of affordable housing units for the homeless.
According to staff, the application for the grant will be submitted sometime in the next two months and will hopefully be granted by September.
“I’m excited for the application process to move forward,” chair of the Housing Commission Board, Eugene Mitchell, said during the meeting. “I want to say thank you to the city and the county. It’s a great example of partnership.”…