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San Diego
Saturday, May 18, 2024

Affordable Apartments Planned for College Area

REAL ESTATE: Eden Housing Tapped to Build 120 New Units

A San Francisco Bay area affordable housing developer, Eden Housing, has been selected by San Diego County officials to build an affordable apartment complex in the College Area.

The project at 5001 73rd St. would have 120 apartments earmarked for low income senior families and individuals with annual incomes up to 60% of the San Diego County median income.

Some of the apartments may be earmarked for veterans.

For one person, the annual income limit would be $54,660. A two-person household could have an annual income of no more than $62,460. The apartments would retain the affordable designation for 55 years.

Built on the site of what had been the county’s Health and Human Services Northeast Family Resource Center, the five-story apartment building would have 58 one-bedroom apartments, 32 two-bedroom apartments, and 30 three-bedroom apartments.

The vacant building that’s on the site would be demolished and the site scraped to make way for the new housing development, said David Estrella, county director of Housing and Community Development Services.

“We’re definitely on the right path with the government making land available,” Estrella said. “All those efforts definitely make a difference.”

One-fourth of the apartments would be set aside as permanent supportive housing for homeless families and individuals.

“These much-needed units will welcome residents with the warmth, dignity, and respect that they deserve,” Estrella said. “For every unit that gets built, that’s changing the lives of a vulnerable family.”

Estrella said that the College Area project is one of nine affordable housing projects that are in some stage of development or construction that are being built at former resource centers.

In total, the projects will have nearly 1,500 apartments, Estrella said.

Construction of the College Area project is tentatively scheduled to start in 2025 to allow time for Eden to arrange financing, said Chris Arthur, Eden Housing director of real estate development in San Diego.

“The funding sources that we’re pursuing take a little bit of time,” Anderson said. They would include low income housing tax credits.

Designed by TCA Architects based in Los Angeles, details on what the project will look like and include are still preliminary, Anderson said.

Planned amenities include a ground floor community room, office space for case management, two elevated courtyards, a playground, a computer lab, electric vehicle chargers, an area for bicycle storage and repairs, a laundry room, an outdoor tot lot.

Designed to be sustainable, the 156,000-square-foot building would be all-electric with on-site solar panels, heat-pump water heaters and drought-tolerant landscaping.

“We are committed to creating a unique, sustainable community that reflects both the county’s and the wider community’s vision for the property,” said Andrea Osgood, senior vice president of real estate development for Eden Housing.

The College Area apartments would be Eden’s third affordable project in San Diego County with more planned.

Eden Housing

Founded: 1968

CEO: Linda Mandolini

Headquarters: Hayward

Business: affordable housing developer

Employees: 492


Contact: 510-582-1460

Social impact: Ed Housing provides homes to more than 22,000 low-income Californians

Notable: To date, Eden Housing has developed, acquired and preserved nearly 12,000 housing units.


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