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The San Diego City Council Tuesday declared the San Diego Sports Arena redevelopment area as "surplus land," beginning the process to correct a previous real estate deal which failed to prioritize affordable housing in the development of the property.
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The audit slammed former Mayor Kevin Faulconer and his staff for failing to follow best practices in real estate acquisitions and withholding information from key decision makers.
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The San Diego-based Conrad Prebys Foundation sold nearly 6,000 apartment units to the private equity group. Housing advocates say the deal is a blow to local affordable housing.
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KPBS Midday EditionAn extremely low inventory of homes for sale and low mortgage rates are two big factors driving prices up, but so is migration from buyers moving to San Diego from even higher-priced housing markets in California.
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KPBS Midday EditionState law requires Coronado to plan for nearly 1,000 new homes to accommodate its workforce. But city officials have refused to comply, and low-wage workers are caught in the middle.
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Mayor Todd Gloria announced a package of initiatives Monday aimed at producing more homes across the city that residents of all income levels can afford.
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The median price of a single-family home in San Diego County edged up 1.6% last month, while sales of existing homes rose significantly, the California Association of Realtors said Friday.
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By the end of this week, eligible tenants in the San Diego region will start seeing 100% of past-due rents erased from the beginning of the pandemic through the end of September.
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California Gov. Gavin Newsom and state lawmakers have agreed to extend rental protections through the end of September.
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Governor Gavin Newsom's AB 832 provides rent and utility relief for Californians.
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