Description
The San Diego Housing Commission is seeking a collaborative developer for a project located at 5202 University Avenue. The project involves the construction of a 5-story, Type III-A wood-frame building with approximately 90 one-bedroom affordable senior units. The developer will be responsible for predevelopment, financing, contractor selection, construction oversight, relocation, and community outreach. The project is expected to be completed within a few years, and the developer will be required to stay engaged through the issuance of IRS Form 8609. Key aspects of the project include:
• Location: 5202 University Avenue, San Diego
• Project scope: 5-story, Type III-A wood-frame building with approximately 90 one-bedroom affordable senior units
• Developer responsibilities: predevelopment, financing, contractor selection, construction oversight, relocation, and community outreach
• Project timeline: expected to be completed within a few years
• Budget: developer fee up to $2.5M, with a 45% developer share and 55% HDP share