San Diego Affordable-Housing Setbacks

Three affordable-housing programs in San Diego are failing or costing the citymillions more than expected.

1 minute read

August 29, 2000, 8:30 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

A low-income apartment project in San Diego has been denied $5.5 million instate tax credits because of excess demand, a decision that may force the cityto fund more of the $8 million project. In addition, a rental fix-up subsidyprogram is "fizzling" because of its stipulation that landlords keep theapartments affordable for 15 years. Also, a $75,000 home-buyers subsidy findsvery few takers since there are almost no homes available under the program's$250,000 limit.

Thanks to Tom Newman

FULL STORY: Low-income housing project sees financial woes

Saturday, August 26, 2000 in The San Diego Union-Tribune

Housing California

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