8th Avenue Family Housing

8th Avenue Family Housing is an affordable housing project currently under construction in the vibrant neighborhood of Hillcrest. The project is specifically designed to accommodate families, including large families, and will provide a total of 80 units. Of these, 79 units will be reserved as general affordable housing units for low-income families, while one unit will serve as an on-site manager's unit.

Source: Studio E Architects

Designed by Studio E Architects, the project will feature a mix of unit types, including 22 studio units, 17 one-bedroom units, 20 two-bedroom units, and 20 three-bedroom units. Onsite amenities will include an on-site manager, a community room, laundry rooms, an outdoor courtyard area, and bike storage. Due to its highly walkable and transit-friendly location, the property will only offer four surface parking spaces for residents.

8th Avenue Family Housing addresses the critical need for affordable housing in San Diego, particularly for large families. Estimated rents will range from $683 for a studio to $1,691 for a three-bedroom apartment.

Source: San Diego Housing Commision

The financing of this project is public information, as disclosed by the San Diego Housing Commission. The project's financing involves a partnership between the developer, Rise Urban Partners, LLC, and two market developers, Floit Properties and Toll Brothers. Under the agreement, Floit and Toll provided the land and financial contributions. In exchange, Rise will construct 59 of the proposed affordable units to satisfy the City of San Diego's density bonus requirements for two market-rate development projects: Floit's Park Summit at 3333 5th Avenue and Toll's The Lindley at 445 W. Ash Street.

This project is a significant step in the right direction for addressing the city's affordable housing needs. While 80 units won't solve the housing crisis overnight, it represents progress and underscores the need for more affordable housing initiatives in the future.

Source: Studio E Architects

Sources:

https://sdhc.org/wp-content/uploads/2023/05/107_8th-Avenue-Family-Housing_final.pdf

https://sdhc.org/wp-content/uploads/2023/05/HCR23-058-8th-Avenue.pdf

https://www.studioearchitects.com/work/8th-avenue-family-apartments/

https://www.sandiego.gov/sites/default/files/tefra_notice_8th_avenue_family_housing.pdf