Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Affordable housing for Nestor

City to lease land for 16 affordable housing units for $16

The San Diego Community Land Trust on December 26 announced that the group will take possession of 3.3 acres in the southern San Diego community of Nestor in exchange for the nominal fee of 16 dollars. The land will be used to build 16 moderate-income "permanently affordable" housing units.

City-council members unanimously approved the transfer via a long-term land lease in November, allowing the nonprofit organization to move forward with its due-diligence research on the project's feasibility. When the units are completed, they'll be offered for sale to families earning up to 80 percent of the San Diego region's median income, currently $64,500 for a family of four, according to Housing and Urban Development numbers.

"This presents a unique partnership and approach to maintain affordable housing stock that working families have access to," said city councilman and mayoral hopeful David Alvarez in a release accompanying the announcement.

Permanent deed restrictions would be placed on the properties; they would transfer to future owners, including a cap on profits when the homes are resold to keep prices in line with income guidelines. Maintenance requirements would also force homeowners to keep landscaping and the property in good condition.

Jean Diaz, executive director of the SDCLT, says the group hopes to add 15 to 25 units of permanently affordable housing stock to the region each year, with a goal of completing 200 homes in a nine-year span.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Music follows nature – the Moldau, Central Asia's steppes, the Alps, the Appian Way , cliffs of Cornwall

We find Siegfried resting under a linden tree
Next Article

Luna Bay Booch's San Diego origin story

Woman owned hard kombucha brand brewed elsewhere, now sold locally

The San Diego Community Land Trust on December 26 announced that the group will take possession of 3.3 acres in the southern San Diego community of Nestor in exchange for the nominal fee of 16 dollars. The land will be used to build 16 moderate-income "permanently affordable" housing units.

City-council members unanimously approved the transfer via a long-term land lease in November, allowing the nonprofit organization to move forward with its due-diligence research on the project's feasibility. When the units are completed, they'll be offered for sale to families earning up to 80 percent of the San Diego region's median income, currently $64,500 for a family of four, according to Housing and Urban Development numbers.

"This presents a unique partnership and approach to maintain affordable housing stock that working families have access to," said city councilman and mayoral hopeful David Alvarez in a release accompanying the announcement.

Permanent deed restrictions would be placed on the properties; they would transfer to future owners, including a cap on profits when the homes are resold to keep prices in line with income guidelines. Maintenance requirements would also force homeowners to keep landscaping and the property in good condition.

Jean Diaz, executive director of the SDCLT, says the group hopes to add 15 to 25 units of permanently affordable housing stock to the region each year, with a goal of completing 200 homes in a nine-year span.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

John Harris: editor of one of the first English dictionaries

Known as a man of science as a man of faith
Next Article

Vista City Attorney and James Buss donate to Trump campaign

Chula Vista's Jill Galvez barred from voting on fire trucks
Comments
0

Be the first to leave a comment.

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close