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Lack of Funding Limits Affordable Development

SAN DIEGO—High-quality affordable housing for lower-income residents of all levels is critical to San Diego's economic health and prosperity, but a shortage of state and local funding inhibits production, Affirmed Housing's John Wurster tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on December 31, 2015

SAN DIEGO—High-quality affordable housing for lower-income residents of all levels is critical to San Diego’s economic 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 the San Diego Housing Commission, has broken ground on Cypress, a 63-unit affordable apartment complex in the East 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.

GlobeSt.com: How would you characterize the affordable-housing market in Downtown San Diego? Wurster: There is a great willingness and a very active effort to produce more affordable housing in Downtown San Diego. Though we are making progress, the lack of state and limited local funding make it difficult to produce the number of units truly needed. GlobeSt.com: What will be unique about Cypress in this market? 

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