Little-known Nonprofit Could Help Solve San Diego Housing Shortage
A little-known local nonprofit hopes to play a key role in solving San Diego’s housing crisis with several new initiatives, including an aggressive proposal to accelerate construction of some low-income apartments. The Local Initiatives Support Corporation, which gives developers seed money to buy land for housing projects in low-income areas, is proposing to establish a $50 million regional housing affordability fund to make construction of such housing cheaper and faster. LISC also plans to accelerate construction of granny flats in San Diego by funding pre-approved architectural plans that would allow people to bypass the often lengthy design and approval phases.