SAN DIEGO (KGTV) - A new affordable housing complex in San Diego’s Navajo neighborhood is scheduled for a grand opening Thursday with Mayor Kevin Faulconer, City Councilman Scott Sherman and local housing officials.
The 89-unit affordable-living Mesa Verde Apartments is located at 7811 Mission Gorge Rd., near Mission Trails Park, and was built by Chelsea Investment Corp. in partnership with the San Diego Housing Commission.
Housing Commission officials said they extended a $9.6 million loan toward development and authorized the issuance of nearly $22.4 million in tax-exempt Multifamily Housing Revenue Bonds.
According to the Housing Commission, the Mesa Verde Apartments will remain affordable for the next 55 years for households with annual incomes of up to 60 percent of San Diego’s area median income -- currently about $58,380 per year for a family of four.
Octavia, who will be moving into the complex, told 10News, “It means everything. My daughter [13-month-old Seven] has her own room now. We moved from a smaller apartment and this is way bigger. More kids to play with.”
Management told 10News they received more than 2,500 applications, as well as another 800 people who put themselves on stand-by.
The rents range from $800 for a studio and up to $1,300 for a three-bedroom.
Ad for income qualifications, residents must take in at least one-and-a-half times their rent, but not more than 60 percent of the median income in San Diego.
Applying early does matter, as applications are processed on a first-come, first-serve basis.
Anyone interested in finding out more about other affordable housing projects can contact the San Diego Housing Commission or visit SDHC.org.
Some residents like Fay Williams told 10News they found out via word-of-mouth and kept calling the complex management.
“We would check every day, every day, every day,” said Williams. “And finally, it was open.”
Williams said she received a tip from a friend who drove by and saw the complex being built.
She told 10News this is now her forever home and her heart goes out to the many who are still looking.