Overview
The availability of diverse, affordable housing options encourages people to live and work in the Centre City area, which benefits the entire region by reducing traffic congestion, urban sprawl and air pollution. One of the main goals of downtown's redevelopment is to expand and preserve the supply of affordable housing. Specifically, the goal is to ensure that downtown provides housing options for all income levels and promotes income diversity within projects and in neighborhoods.
Since CCDC's inception in 1975, more than 3,500 affordable housing units have been created in downtown neighborhoods, using redevelopment funds, and more than 450 units are in the pipeline. To date, $130 million in downtown redevelopment funds have been invested to produce affordable housing downtown. An additional $38 million have been committed for projects currently in the pipeline.
Downtown redevelopment funds have also contributed to build affordable housing in communities outside downtown. To date, $43 million of downtown redevelopment funds have been used to build approximately 1,000 affordable units in communities such as City Heights, North Park, Barrio Logan and North Bay.
