Affordable Housing Fund performance and volatile fee collections
San Diego
Summary
The city is putting real money behind its 2025 preservation ordinance: a new fund seeded with $5.9 million now and up to $8.5 million total, letting the Housing Commission buy at-risk affordable buildings before investors flip them. More than 13,000 units could lose affordability by 2040.
At a glance
- Total mentions
- 8
- Last 30 days
- 5
Discussed at 1 meeting in the last 60 days; most recently Oct 5, 2026.
Impact analysis
Up to $8.5 million in developer-paid Neighborhood Enhancement Fees redirected to buying and preserving affordable housing.
Renters in naturally affordable and deed-restricted buildings — seniors, workers, and families at risk of displacement when owners sell.
No groups negatively affected
Mentions & discussions (6)
Workers shift to ‘shovels instead of spreadsheets’ after challenge of making new affordable housing in San Diego pencil out
The eight-story building at Island and 16th is the first affordable housing development in San Diego to use mass timber, a material that saves money.
Monday Agenda Revised Added S400 - Oct 5, 2026
The fund leveraged huge outside investment and helped over 1,100 homeless households, but developer fee collections hit their lowest level since 2004 as more projects build affordable units on-site instead of paying fees. A rewrite of the inclusionary housing ordinance is expected in 2027.
Monday Agenda Revised Added S400-S402 - Jun 29, 2026
The city is putting real money behind its 2025 preservation ordinance: a new fund seeded with $5.9 million now and up to $8.5 million total, letting the Housing Commission buy at-risk affordable buildings before investors flip them. More than 13,000 units could lose affordability by 2040.
2026 State of the City Public Comment - Jan 16, 2026
ACCE organizers said San Diego is in a housing crisis and pushed a 5% rent control bill, arguing residents are one paycheck away from homelessness.
2026 State of the City Address - Jan 16, 2026
San Diego permitted roughly 7,500 homes in 2025, nearly double its historic average, and rents are declining year over year for the first time in 25 years. The Mayor's 'Homes for All of Us' initiative and redevelopment of city-owned land, including the Sports Arena site, are headed to the council this year.
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