California Counties Invest Millions in Affordable Housing and Mental Health Services
The City of San Diego is allocating an additional $20 million to the "Bridge to Home" affordable housing program, providing gap financing for new home construction. This funding will assist builders with upfront costs such as land acquisition and financing, helping them apply for direct grants, low-interest loans, or tax credits. The program has already funded 937 affordable homes, with 272 of them offering supportive services for the homeless or those at risk. The investment of $48 million has leveraged $568 million in total development costs, facilitating the creation of housing at affordable income levels.