Affirmed Housing Breaks Ground on Affordable TOD in La Mesa
The San Diego Metropolitan Transit System (MTS) and Affirmed Housing held the groundbreaking of Spring View, the latest transit-oriented affordable housing community to result from the organizations’ longstanding partnership. Located at the Spring Street Transit Center in La Mesa, the nearly $116-million development will provide 145 affordable homes and two manager units with convenient access to public transportation.
“Creating more accessible housing resources means thinking beyond the four walls of a home and considering how residents connect with everything they need to thrive,” said Jimmy Silverwood, president of Affirmed Housing. “Our longstanding partnership with MTS has allowed us to bring that approach to life by pairing high-quality affordable housing with convenient transit access.”
The development is supported by a variety of public and private funding sources, including: HUD-VASH and HUD Project-Based Vouchers through the County of San Diego; IHTF, HOME and HOME-ARP funds, also from the County of San Diego; California Department of Housing and Community Developments’ Infill Infrastructure Grant Program; the California Tax Allocation Committee; the California Debt Limit Allocation Committee; U.S. Bank; and Citibank.
Other News
San Ramon Apartments Fetch $78M After 15-Year Hold
Berkadia has completed the $78-million sale of Bridges at San Ramon, a 200-unit multifamily community located in San Ramon. The transaction equated to $390,000 per unit. Senior managing director Jason Parr, managing director Scott MacDonald, associate Sydney Ladrech and director John Hansen of Berkadia San Francisco arranged the sale on behalf of the seller. “Bridges...
Learn more
Forest Hill Condo Site Reworked Into 230-Unit Rental Tower
Stafford and DBS Developments are recasting a Forest Hill site previously marketed as an ultra-luxury condominium into a 27-storey purpose-built rental development with more than 230 units. The project at 429 Walmer Rd., just north of St. Clair Avenue West, represents a substantial change from Stafford’s earlier plans for the property. The developer launched sales...
Learn more
Mattamy’s First Modular Community Moves Ahead In Mississauga
Mattamy Homes’ first modular condominium community has taken its next step through Mississauga’s approvals process, with the 141-unit proposal going before the city’s Planning and Development Committee. The project at 6344 Ninth Line calls for three six-storey buildings totalling 161,306 SF. More notable than the scale is the construction model Mattamy plans to use. The...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout