A new affordable housing development for seniors broke ground Thursday on county property in the Linda Vista neighborhood.
Levant Senior Cottages will consist of 126 affordable homes for senior citizens as well as housing for the manager, and is slated to be finished by 2024.
“We are taking action, and doing everything within our authority to make more affordable housing available for working families and seniors,” county Supervisor Nathan Fletcher said at an opening ceremony. “By using available land in our inventory and providing it to developers at discounted prices, it gives them the ability to build new housing more quickly without the hassle of finding the land and acquiring it, which can drive up the cost.”
The project will be constructed on a 4.57-acre county property leased to the developers at $1 per year, with a $10,000 annual administrative fee. It’s part of an initiative to use county land to ease severe housing shortages throughout the county.
At least 20 percent of the units will be reserved for seniors who receive 50 percent or less of the Area Median Income, and the remaining units will be for seniors with income of 60 percent or less of the median. The median family income in San Diego is $106,900, but the median for an individual is $74,850 and for a two-person household is $85,500, according to figures from the U.S. Department of Housing and Urban Development.