San Diego, February 5, 2026

In response to the affordable housing crisis, San Diego has announced an additional $16.5 million investment into the Bridge to Home program, which has already allocated over $123 million for housing projects. This funding will support the construction of new affordable homes and reflect the city’s commitment to addressing housing needs. Developers are invited to submit proposals by April 6, 2026, boosting opportunities for community-driven solutions in urban development.

San Diego Allocates $16.5 Million for Bridge to Home Initiative

San Diego – In a significant move aimed at addressing the pressing affordable housing crisis, the City of San Diego has announced an additional investment of $16.5 million into its Bridge to Home program. This funding will expedite the construction of affordable housing units throughout the city and marks the seventh round of funding for an initiative that has already allocated over $123 million to support the development of 2,676 affordable homes across 28 projects. The continued investment reflects the city’s commitment to fostering economic growth while meeting the housing needs of its residents.

With rising housing costs affecting many, this initiative showcases the determination of local leaders to confront the affordable housing challenges head-on. Entrepreneurs and developers in San Diego are presented with a unique opportunity to benefit from strategic funding that emphasizes innovative solutions to combat the housing shortage, ensuring that vital community infrastructure and investments in economic development remain a priority.

Details of the Investment

The latest $16.5 million investment is composed of two primary funding sources:

• $12 million from former redevelopment funds, specifically aimed at new housing development, site improvements, and construction.
• $4.5 million from State Permanent Local Housing Allocation funds, which will support the construction or acquisition and rehabilitation of homes designed for individuals experiencing or at risk of homelessness, as well as those with household incomes at or below 30% of the area median income (AMI).

Developers interested in this funding opportunity are encouraged to submit their proposals for low- to moderate-income housing units by April 6, 2026, at 5 p.m. The city will evaluate applications based on project feasibility and community benefits, offering bonus points for projects that include on-site daycare facilities or those developed in partnership with emerging developers.

Bridge to Home Program Overview

First launched in 2021, the Bridge to Home program has been pivotal in providing gap financing for affordable housing initiatives. Since its inception, the program has funded 28 projects that have resulted in the creation of 2,676 affordable homes, with 421 units specifically designed to offer supportive services for vulnerable populations. Some notable completed projects include:

• Jacaranda on 9th located in Downtown San Diego
• Ventana al Sur situated in San Ysidro
• The Iris at San Ysidro also in San Ysidro
• Serenade on 43rd found in City Heights
• PATH Villas El Cerrito in El Cerrito

These projects not only enhance the housing landscape but also signify progress in the city’s ongoing mission to provide safe and affordable homes for all residents, thereby contributing positively to the broader San Diego County economy.

Understanding Program Impact and Application Process

The robust funding framework signals that the city is committed to harnessing private-sector innovation and community involvement in tackling the housing shortage. The continued focus on affordable housing opens doors for many local developers and small businesses to contribute actively to urban development and community revitalization.

The application process fosters an environment where qualified developers are prioritized based on their ability to deliver projects with a tangible impact on the community. Involving local talent can stimulate economic growth while ensuring that developments are sensitive to the needs of San Diego’s diverse population.

Conclusion

San Diego’s latest investment in the Bridge to Home program demonstrates a concerted effort to combat the affordable housing crisis while fostering entrepreneurial innovation. With more funds allocated and a clear call to action for local developers, there are substantial opportunities for job creation and community enhancement. As residents, community leaders, and local entrepreneurs navigate this pivotal moment, engaging with initiatives like this can further help shape San Diego’s economic future for the better.

We encourage everyone to stay involved in supporting local businesses and strategies that will benefit the San Diego County economy. Together, we can promote a thriving community that prioritizes both economic growth and the well-being of its residents.