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Strategic Business Partner at Chicago Title San Diego | Recorded Real Estate Document Interpretation | Zoning Info

Central Elementary Campus will become 270 affordable family units & 57 senior units. The former campus of Central Elementary School in San Diego’s City Heights neighborhood may become part of a $166 million affordable housing project spearheaded by Affirmed Housing. This plan aims to create 270 apartments for low- to middle-income families and 57 affordable units specifically for seniors. Affirmed Housing is paying the district $250,000 in annual rent for the first year of its 99-year lease, a rate that will rise over time. The district anticipates the lease agreement will generate $108 million for the district over the course of its 99-year lease. Final approval is required by the San Diego Unified School District for the redevelopment of this 5.68-acre site at 4063 and 4135 Polk Ave. The family housing project will be five-stories, and will include a mix of one- to four-bedroom apartments, each designed to cater to families earning between 30 percent and 100 percent of the Area Median Income.

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