New Affordable Housing Opens In City Heights
- Wakeland Housing and Price Philanthropies opened The Teralta in City Heights on April 16, turning the former Superior Furniture site into affordable family housing. - The $71 million project includes 72 income-restricted apartments, 45 with three or four bedrooms, plus 33 federal vouchers for lower-income tenants. - The homes stay affordable 55 years for families earning up to 60% of area median income. (sdhc.org)
The Teralta opened in City Heights on April 16, converting the former Superior Furniture Co. site into a new affordable housing complex for families. (sdhc.org) Wakeland Housing and Development Corporation built the project with Price Philanthropies Foundation at 4341 El Cajon Blvd., at Fairmount Avenue. The development cost $71 million. (connectcre.com) (fox5sandiego.com) The project has 72 rental apartments that will remain affordable for 55 years for households earning no more than 60% of San Diego’s area median income. For a four-person household, that cap is $99,240. (sdhc.org) Forty-five units have three or four bedrooms, a larger share than most affordable projects, which often skew toward smaller apartments. The Teralta also includes studio, one-bedroom, and two-bedroom homes. (sdhc.org) (wakelandhdc.com) The San Diego Housing Commission attached 33 federal rental assistance vouchers to the property for tenants with the lowest incomes. Fifteen vouchers are for families earning up to 30% of area median income, and 18 are for families up to 40%. (sdhc.org) (fox5sandiego.com) Rents range from $844 to $2,698 a month, depending on unit size and household income. The building also has a community room, computer lab, playground, barbecue areas, and a rooftop deck. (fox5sandiego.com) (sdhc.org) The redevelopment kept the Art Deco façade of the 1948 Superior Furniture building, preserving a visible neighborhood landmark while replacing the old use with housing. Two ground-floor commercial spaces are set aside for community-serving businesses. (connectcre.com) (fox5sandiego.com) City Heights is one of San Diego’s densest neighborhoods, and local officials framed the larger apartments as a fit for multigenerational households that need more rooms, not just lower rents. Councilmember Sean Elo-Rivera said the layout helps families stay together. (sdhc.org) (fox5sandiego.com) The opening closes a long redevelopment cycle for a historic corner on El Cajon Boulevard. The result is a preserved storefront, 72 restricted apartments, and commercial space that City Heights has not had on that site in years. (connectcre.com) (sdhc.org)
