Hillcrest Hall Breaks Ground in San Diego: 97 Affordable Apartments Targeted for Completion in 2028
SAN DIEGO, San Diego County, California — The San Diego Housing Commission (SDHC) announced on November 10 that Hillcrest Hall, an affordable housing development at the corner of University Avenue and Herbert Street in the Hillcrest neighborhood, broke ground that day and will provide homes for 97 lower-income families.
SDHC said CRP Affordable Housing and Community Development is developing Hillcrest Hall in collaboration with SDHC, the City of San Diego and additional partners. The development will remain affordable for 55 years for San Diegans earning 30 to 70 percent of the area median income, approximately $52,450 to $122,450 a year for a four-person household. The mix includes 34 three-bedroom apartments, 28 two-bedroom units, 35 one-bedroom units and one unrestricted manager's unit.
For financing, SDHC awarded a $5 million development loan made up of HOME Investment Partnerships Program funds awarded to the city by the U.S. Department of Housing and Urban Development and the city's Affordable Housing Fund. The SDHC Board of Commissioners also authorized up to $20 million in tax-exempt Multifamily Housing Revenue Bonds and up to $40 million in taxable bonds to finance construction; the bonds are paid by the developer and create no financial liability for SDHC or the city. The City of San Diego also awarded $3.175 million through the third round of its Bridge to Home program. Total development cost is estimated at approximately $72 million.
Mayor Todd Gloria said at the groundbreaking that with Hillcrest's high cost of living, the project helps change the script so that people who feel accepted in Hillcrest can also afford to live there. SDHC Chief Operating Officer Azucena Valladolid said the commission wants everyone in the city to have a place to come home to that they can afford.
The site sits in a state-designated High Resource Area, less than a quarter mile from the rapid transit bus station at University Avenue and Park Boulevard, near grocery stores, hospitals and schools. Hillcrest Hall is targeted for completion in the third quarter of 2028, and LifeSTEPS will provide on-site classes including financial literacy, computer training and health programs.
(Source: San Diego Housing Commission)
Source: San Diego Housing Commission
Published by GSM · USA (original Chinese edition)
Photo: 图：San Diego 的 Hillcrest 社区 University Avenue 街景，远处可见 Hillcrest 社区标志，Hillcrest Hall 就建在这条大道旁。照片：RightCowLeftCoast，经 Wikimedia Commons，CC BY-SA 4.0。 / Image: University Avenue in San Diego's Hillcrest neighborhood, with the Hillcrest sign in the distance; Hillcrest Hall will rise along this avenue. Photo by RightCowLeftCoast, via Wikimedia Commons, CC BY-SA 4.0.
