San Diego to Purchase 3 Hotels to Provide Affordable Housing Units

San Diego to Purchase 3 Hotels to Provide Affordable Housing Units
OLD BETHPAGE, NEW YORK - MARCH 16: An image of the sign for Extended Stay America as photographed on March 16, 2020 in Old Bethpage, New York. Photo by Bruce Bennett/Getty Images
Updated:
0:00
The San Diego Housing Commission voted unanimously 4–0 to purchase three hotel properties for nearly $158 million to be converted to permanent affordable housing—dependent upon receiving state funds—during a meeting on April 20.

The Housing Commission is hoping to receive a grant from Homekey—a statewide program by the California Department of Housing and Community Development to hasten construction of affordable housing units for the homeless.