SAN DIEGO — Community HousingWorks (CHW) has opened Puesta del Sol Apartments, a 59-unit affordable seniors housing community in the Linda Vista neighborhood of San Diego.
Puesta del Sol apartments are reserved for households earning 30 to 60 percent of the area median income and the community has been awarded 59 project-based vouchers to ensure access for the most income-vulnerable residents. Additionally, six of the 59 vouchers will serve chronically homeless.
Built adjacent to CHW’s Amanecer Apartments on Ulric Street, Puesta del Sol completes the combined intergenerational community. Together, Puesta del Sol and Amanecer represent the first new affordable housing construction in Linda Vista, according to CHW. Located near public transportation, parks, the Linda Vista public library and numerous retail and employment centers, Puesta is designed for the needs of older adults.
The community only offers one-bedroom apartments, plus a two-bedroom manager unit.
The San Diego Housing Commission provided a below-market-rate loan and project-based vouchers for the development. Additional funding was provided by construction and permanent lender Chase Bank (as a successor to First Republic Bank), and investor limited partner is Red Stone Equity Partners; the California Tax Credit Allocation Committee provided 9 percent tax credits, and the city of San Diego waived $144,000 in permit fees.
The locally based development team included general contractor Sun Country Builders, architectural firm Studio E Architects, civil engineering firm Project Design Consultants, and landscape architect Schmidt Design Group Inc. On-site services for residents are provided by CHW services partner, LifeSTEPS.