Times of San Diego
Over the past five years alone, rents in San Diego have surged by more than 40%. Nearly half of San Diego households are now considered “rent-burdened,” spending more than 30% of their income just to keep a roof over their heads. Low- and middle-income families—the people who power our economy and anchor our neighborhoods—are increasingly being pushed out of the region altogether. By combining the deep expertise and proven track record of reputable housing developers with the success of mission-driven nonprofits, this partnership offers a bold, practical path forward with real community benefit and financial efficiency—and establishing a replicable model for the region. Over the next five years, we hope to scale this approach, potentially bringing upwards of 2,000 low- and moderate-income, high-quality affordable homesto the San Diego region.