Middle Income Housing Program Moves to City Council

Jim Schmid, President of Chelsea Investment Corporation, speaking in favor of the Middle Income Density Bonus Program.

By Matt AdamsA program intended to spur production of housing affordable to middle income households made its way through the San Diego Smart Growth and Land Use Committee on Monday.  The Middle Income Density Bonus Program would give  projects that set aside 10% of its units at 120% to 150% of the Area Median Income  a 25% increase in density along with other development incentives.  Supported by the BIA, the concept aims to increase middle income housing without the need for public subsidies. Project would have to be located in a Transit Priority Area. While expressing support for the plan, the Committee decided to send the plan to council without a recommendation to give city staff time to work on language that would ensure the program would not conflict with the City’s existing Affordable Housing Density Bonus Program and establish a protection policy for existing low income housing. The City Council will take up the measure next month.

By | 2018-05-22T09:24:23+00:00 May 22nd, 2018|Uncategorized|0 Comments