Four Housing Projects Awarded Nearly $4 MillionTuesday, June 21, 2016
Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.
Money from the organization’s Affordable Housing Program will go toward a mixed-use housing development in Oceanside, an apartment project for veterans and their families in Escondido, housing for seniors in Mission Valley and apartments for disabled seniors in San Diego’s Talmadge neighborhood.
Grants totaling $1.48 million were awarded for the first two phases of Mission Cove, a 14.5-acre mixed-use development in Oceanside, to include 150 apartments. The land was bought by the city of Oceanside in 2006 as a site for future affordable housing.
One of the nation’s largest nonprofit community builders, Rancho Cucamonga-based National Community Renaissance, also called National CORE, is the project’s master developer. Community HousingWorks, a San Diego-based nonprofit, is also a development partner.
In Escondido, the 54-unit Veterans Village of San Diego was awarded $1.08 million. The project will include both new and rehabilitated affordable housing for very low- and low-income homeless veterans and their families; onsite services will include case management and workforce development.
Mission Valley’s Civita 2 complex, with 100 affordable units for seniors age 62 and older, got $990,000, and the 60-unit Talmadge Gateway apartment complex, also for seniors, received $350,000.
Pacific Southwest Development Corp. is a nonprofit partner in the Civita development; Wakeland Housing and Development Corp. is partnering with the City Heights Community Development Corp. on the Talmadge project.
The San Diego projects were among 85 awardees in 11 states and Washington, D.C.