Paseo and Victoria at COMM22 Open in San Diego
200 Affordable Apartments for Seniors and Families
Paseo at COMM22 offers 130 apartments for families; rents are set to be affordable to households earning 30-60% of Area Median Income (up to $48,600 for a family of four). Monthly rents range from $421 to $1,098 depending on unit size, family size and household income.
SAN DIEGO, CA, May 8, 2015—San Diego will celebrate the grand opening of Victoria and Paseo at COMM22 today, with a program and ribbon-cutting from 1:45-3:45 pm. The event takes place at 2325 Commercial Street, San Diego.
Victoria at COMM22 provides 70 apartments for seniors; rents are set to be affordable to households earning up to 30-50% of Area Median Income (up to $31,600 for a two-person household). Monthly rents range from approximately $250 to $823, depending on unit size, household size and income.
The two properties are part of COMM22, a master-planned site co-developed by nonprofits BRIDGE Housing and MAAC, in partnership with San Diego Unified School District (SDUSD). The mixed-use development is situated on a four-acre, former SDUSD maintenance facility site in the Logan Heights neighborhood.
COMM22 also features enhanced plaza areas for public gatherings, public art and strong pedestrian connectivity throughout the site. In addition to the 200 affordable apartments at Paseo and Victoria, COMM22 ultimately will include a day care facility, community-serving commercial and retail, office space, market rate lofts and for-sale townhomes.
“COMM22 is development for the community and by the community,” said Arnulfo Manriquez, President and CEO of MAAC. “From day one, we partnered with the community, including neighbors, leaders, businesses service organizations, artists and more. COMM22 solicited input, redesigned plans, addressed uses to include a preschool and as well as helping figure out how to include for-sale in the next phase of development. I am proud that so much community input is a part of the final development.”
“We are extremely proud to partner with MAAC to bring a range of housing options and community benefits to this area,” said Cynthia A. Parker, President and CEO of BRIDGE. “Our shared vision for COMM22 is as a model for smart, transit-oriented repurposing of underutilized land that connects people to jobs and services.”
“Bank of America is excited to work with BRIDGE Housing to transform a former industrial part of San Diego’s Logan Heights neighborhood into a vibrant community with a mix of housing and retail and access to public transit for working families, seniors, and former foster care youth,” said Ari Beliak, Vice President of Community Development Banking for Bank of America. “That is why we’ve provided more than $53 million in various funding to help make this important vision a reality for San Diego. It’s especially exciting to be part of the grant opening of the first phase as this is the first new project in this area in 15 years.”
“This project is not just about building units – this project is about building community,” said David Alvarez, District 8 Councilmember for the City of San Diego. “The site was the very definition of blight and sat in the middle of this community untouched for years. It is a long time coming and I am very pleased that at the beginning of my Council term, I have been able to bring a coalition together consisting of the developer (BRIDGE), CCDC, SEDC, the Housing Commission and the community to make this project a reality. Our residents are going to see something special happen here in coming years. This project is just the beginning of a whole range of possibilities that I am excited about.”
Financing for the $85-million infrastructure, family and senior housing phases was provided by the City of San Diego/Civic San Diego; San Diego Housing Commission; U.S. Department of Housing and Urban Development; HOME Investment Partnerships Grant (HOME) funds provided to the City of San Diego by the U.S. Department of Housing and Urban Development (HUD), and administered by the San Diego Housing Commission; Voter-approved Proposition 1C TOD and Infill Infrastructure Grant and Loan Programs through the California Department of Housing and Community Development; CalHFA/County of San Diego - Behavioral Health Services; California Pollution Control Finance Authority (CALReUSE Loan); SANDAG; Bank of America. The architect was MVE + Partners, and the contractors were Cannon Constructors for Paseo and Victoria, and Hazard Construction for the infrastructure component.
For more information about BRIDGE Housing, visit www.bridgehousing.com. For more information about MAAC, visit www.maacproject.org.