Jan
04
Lack of Funding Limits Affordable Development
ByNEW event in SoCal! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.
Wurster: “Affordable housing is essential infrastructure that not only supports job growth, but also lowers housing costs for everyone by closing the extreme imbalance between supply and demand for all types of housing.”SAN DIEGO—High-quality affordable housing for lower-income residents of all levels is critical to San Diego’seconomic health and prosperity, but a shortage of state and local funding inhibits production, Affirmed Housing’s senior project manager John Wurster tells GlobeSt.com. As we recently reported, Affirmed, in partnership with theSan Diego Housing Commission, has broken ground onCypress, a 63-unit affordable apartment complex in theEast Village District of Downtown San Diego. We spoke exclusively with Wurster about the affordable-housing market in Downtown San Diego and what makes this particular project unique…
