Affordable San Diego Project Breaks Ground
- Apr 11, 2019
Affirmed Housing has broken ground on an 86-unit affordable housing project in downtown San Diego, dubbed The Link. The community will accommodate those who have experienced homelessness as well as low-income residents. Carrier Johnson + CULTURE designed the sharp-angle building and Bank of America is the developer’s investment partner.
Located at 707 17th St. in East Village, the building will be located on an 11,318-square-foot site near Interstate 5. The five-story, 50,000-square-foot property is set to feature a lobby and a community room, laundry facilities and large terraces. Plans call for 250- to 300-square-foot apartments with living space, kitchen and bathroom.
Father Joe’s Villages will provide supportive services to 14 households earning 50 percent or less of the area median income and 72 residents that have experienced homelessness. The designers of the upcoming property in the city’ Maker’s Quarter/Idea District imagined a building that pays homage to the area’s tradition in creative fabrication.
“Lifting people out of poverty and onto the path to economic stability is one of the most important things we can do as a bank, so we are particularly proud to finance over $48 million for The LINK,” said Rick Bregman, San Diego market president at Bank of America, in prepared remarks. San Diego is dealing with its most severe affordability crisis in 25 years.