Condo Projects to be Affordable Apartments

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The housing slump has forced one developer to pull the plug on a luxury, downtown condominium tower. The tower, which would replace a Burger King at 10th Avenue and B Street, is now slated as an affordable housing project. The project consists of 226 apartments that would rent between $500 and $1100 dollars a month. The units will be targeted to low income individuals and families who make between $20,000 and $72,000 dollars a year.

The San Diego Housing Commission anticipates high demand given there are 40,000 people currently on the waiting list for section 8 housing.

"We need to help our working families here in town. We need a labor force, we can't have them all living in San Bernadino and Temecula, and we need to create housing here for folks who are working here," said Cissy Fisher.

Fisher is the Director of Housing, Finance and Development for the Housing Commission.

Critics worry the building may not fit in with some of the new condo towers in the area and and some nearby homeowners owners are worried about parking.

The proposed building is slated to have only 65% of the parking originally planned when it was designed as condos.

"Pretty soon it's going to be like New York City, we're not going to have parking anywhere," said downtown condo owner, Donovan Smith.

The Centre City Development Corporation, a non-profit agency that implements building projects downtown, says the apartments will be built with the same quality and character as the surrounding condominiums.

The agency says the developer has already secured more parking spots than required. The project is expected to break ground next year in late spring.
Source: Fox6.com

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