| Housing Affordability in San Diego|
|Approximately 35,000 people currently live in downtown San Diego, California, and they have a variety of residential properties from which to choose. Since 1975, nearly 20 percent of housing developed has been deemed "affordable;" for people who's incomes are at or below 60 percent of the area median income. With the city's population expected to more than double in the next 20 years, a lot more will be needed.|
By the year 2030, downtown San Diego's population is expected jump to 90,000. Some people will enjoy the high-end high rises, but some will be low-income, and will need affordable places to live. Affordable housing is a priority for the non-profits, developers and local government officials.
California law requires that at least 15 percent of new housing be accessible to low- and moderate-income families. If San Diego's population estimates are accurate, the city is going to need a lot more affordable housing in the coming years.
In anticipation of the population increase, goals to expand affordable rental and for-sale housing within the city have been set. Some say the goals are aggressive, but necessary. The city isn't currently prepared for an influx of 60,000 people. The goals may be aggressive, but they're working. They've led to the creation of over 500 affordable housing rental units, and the purchase of nearly 100 affordable homes.
That's a good start, but there's still a ways to go. City officials and non-profit affordable housing advocates continue to explore development opportunities in the city.