Hilltop & Euclid is a proposed new construction, mixed-use development containing 111 apartment homes for low-income households, including studios, one-, two, three- and four-bedroom apartments, and two unrestricted managers’ units. Pursuant to the terms of a Disposition and Development Agreement with Civic San Diego, Affirmed Housing will redevelop the eastern half of the vacant nine-acre site, and a market-rate developer (Infill Development Company) will construct 20 market-rate single-family dwelling units and 27 market-rate two and three-story townhomes on the western half of the site.

The apartments will range from 456 square feet for living units to 1,441 square feet for four-bedroom units. Staff recommends approving a residual receipts loan of up to $8,550,000 to finance the proposed acquisition and new construction of Hilltop & Euclid, as well as approving the initial steps toward the issuance of up to $29,000,000 in Multifamily Housing Revenue Bonds.

Housing Authority of the City of San Diego tax-exempt Multifamily Housing Revenue Bonds,
Hilltop & Euclid Family Housing