From the San Diego Housing Commission's press release:
Seniors age 62 and older who have low income will have 175 new affordable housing opportunities in Rancho Bernardo upon the completion of a new development in collaboration with the San Diego Housing Commission (SDHC), which celebrated its ceremonial groundbreaking today.
“This groundbreaking is a crucial step in actually providing a solution to a problem we are grappling with here in San Diego, and that’s affordable housing, especially for our senior citizens,” said Councilmember Marni von Wilpert, who represents Council District 5, where the Tizon development is located.
Tizon will provide 175 studio apartments for seniors with income up to 60 percent of San Diego’s Area Median Income, currently $50,940 per year for a one-person household. Developed by Affirmed Housing, the apartments at Tizon will remain affordable for 55 years. The property also will include three unrestricted managers’ units.
“The struggle to find and maintain a home they can afford remains all too common for many San Diego households,” SDHC Interim President & CEO Jeff Davis said. “This is especially true for seniors, who often have to rely only on their fixed incomes to make ends meet. That is why the new apartments that will be created here at Tizon are so important.”