The Housing Commission has programs to help
buyers purchase below-market rate homes. Built by private sector developers
meeting City of San Diego affordability requirements, these homes are
available at reduced purchase prices.
Note, in most cases, you don’t have to be a
first-time homebuyer to purchase for-sale affordable homes as long as you do
not receive any financial assistance through other Housing Commission
programs. Note, a “first-time home buyer” is defined as someone who has not
owned real estate in the last three years.
Note, in addition to newly constructed units,
buyers may also purchase For-Sale Affordable Homes when
they are resold by the original buyer. If you are interested in purchasing a
resale home, please
complete and return the prequalification
worksheet. Your name will then be placed on an interest
list and we will contact you when an affordable unit is being resold if you
appear to meet the eligibility criteria.
Click here for more information
about purchase assistance for below-market-rate homes (and see list below).
Currently, there are a limited number of For-sale affordable homes. As
more homes become available, information will be posted here.
Bohemia Row Homes
Project
description:
Affordable and market rate new construction one-, two- and
three-bedroom homes. One unit is affordable.
Location:
1702 National Avenue, San Diego 92113
Number
of units:
One affordable unit
Estimated sales prices for affordable units
$189,000
Status:
Estimated date of completion, September 2007
Developers:
California Equities Real Estate Development, Magnum Opus Real Estate
Development,
meets City of San Diego inclusionary housing requirements.
RESALE affordable condo unit is available to persons earning up
to 120% AMI.
The unit has 2 bedrooms and 2 baths with
approximately 1,012 square feet. Affordable sales price is
estimated to be around $235,100. Contact Vicki Monce at 619
578-7491 or
vickim@sdhc.org.
Interested buyers must complete the prequalification worksheet.
Status:
Development completed.
Developer:
D.R. Horton
Public funding/programs:
City of San Diego Redevelopment Agency; meets City of San Diego
inclusionary housing requirements
Renaissance Town
Homes
Project
description:
Affordable and market rate homes. The affordable units are town
homes with 3 bedrooms and 3 baths with approximately 1,568
square feet. All have 2-car attached garages.
Location:
4323-4349 Kansas Street (North Park)
Number
of units:
14
units (5 units at 100% AMI or less
and 9 at 110% AMI or less)
Estimated sales prices for affordable units
$260,510 (100% AMI or less units) and $289,926 (100-110% AMI)
Carter
Reese. Bank of America, City of
San Diego Redevelopment Agency, Security Business Bank, Citibank;
meets City of San Diego inclusionary housing requirements.
Interest list/Application:
Contact Debra
Stephens to be placed on the interest list –619.571.5225;
dstephns@cox.net
Smart Corner
Project
description:
For-sale market-rate and affordable units. New 19-story
condominium tower at Smart Corner mixed-used
office/commercial/residential complex in downtown San Diego.
Transit-friendly with adjacent bus and on-site trolley stops.
Location:
One full city block – Broadway and Park Blvd. and 11th
and C Street.
Number
of units:
301 total units; 25 affordable units (reduced sales prices for
eligible buyers).
Studio units now on sale. Project under construction, with move-ins
scheduled for May-June 2007.
Developers:
Canyon-Johnson
Urban Fund, L.P.; Lankford & Associates, Inc.; Austin Veum Robbins
Partners; Avion Development LLC; J&T Consulting; Urban Housing
Partners; Centre City Development Corporation
Interest list/Application:
www.smartcorner.net 619-546-5835 (Fill out on-line application
in order to receive additional information about development and
purchase opportunities.)
Stella - Five Points
Project
description:
For-sale new construction market-rate and affordable
condominiums. Thirteen affordable units - two-bedrooms.
Location:
2015 Hancock Street, San Diego, CA
92110 (North Bay)
