Stephen Russell

SAN DIEGO—If successful in November 2018, a $900-million housing bond could provide as many as 2,500 units of permanent supportive housing for people currently living on the streets, San Diego Housing Federation's executive director Stephen Russell tells GlobeSt.com. According to the organization, a new poll conducted by EMC Research shows that a strong majority of City of San Diego voters support a general-obligation bond to provide housing for homeless individuals and low-income families, seniors, veterans, and people living with disabilities.

In the poll which surveyed 600 voters in the City of San Diego between November 1 and 6 and has a margin of error of +/- 4%, 73% of likely voters stated that they would support a measure authorizing $900 million in bonds for the creation of affordable housing. Also, nearly 90% of voters support providing affordable rental homes for low-income families, seniors, veterans, and the disabled. Voters showed similarly strong support for providing 3,000 homes for those experiencing homelessness.

The poll also showed that even when informed the cost for such a bond would be $19 per $100,000 of assessed home value, well over 2/3 of respondents said they would support such a measure. “The most significant advantages of this approach are that it provides adequate funds to make a significant difference in addressing this problem, similar to initiatives in Los Angeles, San Mateo and San Francisco counties approved by voters last year, and it eliminates the risk of litigation and delays associated with unorthodox approaches proposed by other housing advocates,” said Russell in a prepared statement. He added that the polling was commissioned to help advance the community's dialogue about how to solve the homelessness and affordable housing crisis.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.