Today, the County officially began demolishing three excess properties that will be developed into affordable housing.
By demolishing and clearing the existing structures, the properties could then be turned over to selected developers in a clean condition and will help expedite the development process for a financially feasible development.
The development of these properties—two in San Diego and one in Escondido—is part of the County’s ongoing efforts to increase the number of affordable housing units in the region.
In 2017, the County established the Innovative Housing Trust Fund to provide gap financing for developments that create or preserve affordable housing. To date, the $50 million invested in the fund has leveraged $567 million in other public and private funds to create and preserve 1,397 permanent affordable housing units within 20 developments in 15 communities throughout San Diego County. In Aug. 2021, the Board of Supervisors increased funding by $20 million for a total of $70 million.
