Jamboree Housing Company has ventured into supportive housing in San Diego, with the grand opening of a 64-unit growth in San Ysidro.
Situated at 429 West San Ysidro Blvd., the Milejo Village house neighborhood marks Irvine-based Jamboree’s first everlasting supportive housing challenge within the metropolis and its second inexpensive housing enterprise regionally; the opposite is in Santee.
The property contains one-, two- and three-bedroom residences for households and people with incomes at or under 25% of the Space Median Revenue (AMI), at the moment $34,450 per 12 months for a household of 4.
Milejo Village additionally will supply resident companies, together with case administration. The absolutely funded supportive companies, supplied in collaboration with the Alpha Tenant Peer Help Companies Program, embody ESL lessons, life-skills and job coaching, monetary empowerment, after-school packages, healthcare accessibility, diet and train lessons and resident objective plans.
“Along with housing, Jamboree’s on-site packages, mixed with native devoted in depth neighborhood companies, will supply a lot wanted help to residents,” San Diego Metropolis Council member Vivian Moreno stated.
The event is backed by funding from varied sources, together with Pink Stone Fairness Companions, with $15.4 million in tax credit score fairness, and Umpqua Financial institution, with $13 million for building financing and a further $7.1 million of everlasting financing.
Moreover, San Diego County’s Well being & Human Companies Company allotted $5.8 million from state No Place Like Dwelling funds (for 25 models) and $895,715 from the county’s personal Progressive Housing Belief Fund. The San Diego Housing Fee (SDHC) contributed a $4.2 million mortgage, together with HOME Funding Partnerships Grant funds supplied to town of San Diego by the U.S. Division of Housing and City Improvement (HUD) and administered by the fee.
The fee additionally awarded 64 federal rental housing vouchers to subsidize hire for Milejo Village residents. The vouchers stay with the event – when a resident strikes on, the voucher will likely be provided to a different extraordinarily low-income family.