AM 760 KFMB - Talk Radio Station - San Diego, CA - Mayor Faulconer: We need to build more affordable housing!

Mayor Faulconer: We need to build more affordable housing!

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The San Diego Housing Commission announced Tuesday that it will award up to $50 million to housing developers to fund the construction and rehabilitation of affordable housing in the city. Under two of the three Notices of Funding Availability, up to $20 million will be granted to create affordable housing for low-income residents and housing with services for the city's homeless population. The third grants $10 million in funding to projects that rehabilitate affordable rental housing.

AM 760’s Mark Larson spoke with Mayor Kevin Faulconer about this award for the city of San Diego in order to not only revamp the redevelopment of homes in San Diego, but also to cut the bureaucratic red tape in order to providing incentives in terms of home affordability.

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