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A new mixed-use development opened today at El Cajon Boulevard and 30th Street in North Park, with rental and for-sale residential units, commercial and community space.
San Diego Interfaith Housing Foundation built one of the three projects in the development, including 94 one- and two-bedroom homes for senior citizens earning 50 percent or less of the area’s median income. That means rents would range from $372 to $757 for the units, according to the San Diego Housing Commission.
The 2007 AMI for San Diego is $48,600 for a single person living alone. Click here to see the Housing Commission’s chart showing the various levels of AMI.
Of the two for-sale projects, master developed by Carter Reese and Associates, one comprises 24 market-rate homes. The other is 14 three-bedroom town homes with restricted prices for households with incomes at or below 110 percent of the area’s median income.
And this little bit of preservation caught my eye. From the development’s press release:
The community, which features 110 affordable units and 24 market-rate townhomes, is built on the site of the former Aztec Bowl. It will preserve the bowling alley’s signature Indian warrior head sign and will incorporate actual wooden slats from the bowling lanes into the entryways of some of the units.
I found a picture of the Aztec Bowl marquee on a 10-pin bowling alley fan site, which also reported the alley was torn down in July 2004.
A note on funding, from the same release:
The $32 million project is a public-private partnership. Nearly $19 million came from public sources, including the Redevelopment Agency of the City Of San Diego, San Diego Housing Commission and state and federal tax credits. The 24 market-rate townhomes were built with $6 million in private funds.