The city of San Diego will supply $6 million in loans for the $40 million project, which is expected to take two years to complete.
Members of the San Diego City Council voted to approve a $4-million, 55-year loan agreement for a five-story affordable housing project in Pacific Beach that will exceed the 50-year-old 30-foot Coastal Height Limit.
Vicky Jones, the chief of staff for LaCava's office, further emphasized that the council did not vote on the project itself, only the city funding. She said the project is"ministerial and requires no further city approvals," although it is not clear if the developers still have other steps to take before construction can begin.
A satellite image screenshotted from Google Satellite shows where the lot of the Rose Creek Village Affordable Housing Project would be located on Garnet Avenue. “This question in front of us is not about affordable housing nor about affordable housing in Pacific Beach," LaCava said."I’m in opposition to this method of busting Prop D and the misrepresentation given to my constituents and voters."“I was actually one of the presenters to the planning group back in November of 2021,” said Ted Miyahara, the executive director of the San Diego Community Housing Corporation.
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