$90 Million Smart Growth Fund

A new investment fund represents a private sector solution to address the affordable-housing crisis.

1 minute read

May 17, 2005, 9:00 AM PDT

By Chris Steins @planetizen


For the first time, equity capital has been raised from institutional sources to increase the supply of housing affordable to middle-income households in San Diego and to develop much-needed neighborhood retail projects.

Phoenix Realty Group and the San Diego Capital Collaborative have secured initial capitalization of the $90-million San Diego Smart Growth Fund to provide market-rate housing for middle-income households and community revitalizing retail projects in urban neighborhoods across San Diego County:

"The investment pool will be used to leverage more than $500 million worth of housing and commercial development in the county. It is expected to generate enough money to build as many as 2,000 rental and for-sale homes within older, urban communities over the next five years."

Thanks to Francie Murphy

Monday, May 16, 2005 in The San Diego Union-Tribune

courses user

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges. Corey D, Transportation Planner

As someone new to the planning field, Planetizen has been the perfect host guiding me into planning and our complex modern challenges.

Corey D, Transportation Planner

Ready to give your planning career a boost?

View of dense apartment buildings on Seattle waterfront with high-rise buildings in background.

Seattle Legalizes Co-Living

A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.

December 1, 2024 - Smart Cities Dive

Times Square in New York City empty during the Covid-19 pandemic.

NYC Officials Announce Broadway Pedestrianization Project

Two blocks of the marquee street will become mostly car-free public spaces.

December 1, 2024 - StreetsBlog NYC

'Vertical canyon' on glass-clad residential high-rise in Denver, CO.

Denver's New High-Rise Integrates Vertical Canyon in Architectural Design

Unlike other new builds in Denver, Colorado, a new high-rise reveals a unique “sculptural canyon” running vertically through the facade to foster a sense of community and connection to nature.  

November 29, 2024 - designboom

View of snowy buildings and mountains in background in Denver, Colorado.

Federal Resilience Program a Lifeline for Affordable Housing Providers

The little-known Green and Resilient Retrofit Program funds upgrades and repairs that improve efficiency and comfort in existing housing stock.

December 6 - Next City

Woman rides bike on paved walkway through plaza in Fort Worth, Texas.

Fort Worth To Relaunch Bike Share System in January

Trinity Metro shuttered its current system at the end of November and plans to relaunch with a mostly-electric system.

December 6 - KERA News

Blue Kansas City transit bus on Main Street, Kansas City, Missouri.

A Brief History of Kansas City’s Microtransit

The city’s costly experiment with on-demand transit is yielding to more strategic investment.

December 6 - Bloomberg CityLab

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.