In addition to federal subsidizing for public housing, SDHC searched for investors from the public and private sector to expand affordable housing even further. Since 2007 when SDHC received ownership from the U.S. Department of Housing and Urban Development (HUD) for 1,366 affordable housing units, the organization has been able to build an additional 810 affordable housing units through its partnerships.
As a result of SDHC's initiative in recognizing the need for more affordable housing, and partnering with public and private investors, the city has been able to offer low-income families and senior citizens the opportunity to move into newly built or renovated apartments that will remain affordable for 55 years or more. In spite of a recession, the city remains focused on anticipating housing needs and meeting them to serve its citizens and prevent housing crises.
The SDHC also provides 14,000 low-income families, seniors and disabled with rental housing assistance through the Housing Choice Voucher program approved by the federal government. In addition, they own more than 3,010 affordable housing units and plan to continue working to increase their inventory.
For more information, visit http://www.sdhc.net/
