Despite incentives from the City of San Diego, developers are opting to build units for higher income tenants.
SAN DIEGO — Under the City of San Diego’s bonus Accessory Dwelling Unit program, a developer can build more than oneon a property as long as every other unit they build on the lot is set aside for affordable rent. But according to city records, the program is not working as city leaders had hoped.
“This is density plopped down in the middle of a neighborhood,” said Danna Givot with Neighbors for a Better San Diego. “It’s not doing what was intended - which was to create affordable housing. Truly affordable housing in higher income opportunity zones.”Moderate Income for $2,570 a month The City ended up amending its original program to add an incentive for builders. It allows them to raise their rent to market rate after just 10 years, instead of 15 years for moderate income rentals, if they agree to price their units at the low or very low level. So far, that hasn’t worked.
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