Affordable rental apartments open near transit in Grantville
SAN DIEGO (FOX 5/KUSI) — A new affordable rental development celebrated its grand opening Tuesday in the Grantville neighborhood of San Diego.
ShoreLINE, which was developed by Affirmed Housing Group in collaboration with the San Diego Housing Commission, consists of 124 apartments in a five-story building with underground parking to accommodate 54 vehicles. Additionally, there are 12 parking spaces available above ground.
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The units are intended for renters who make 30% to 60% of San Diego’s area median income, which is currently between $45,000 to $90,000 for a family of four.
The development was constructed on property owned by the Metropolitan Transit System near the Grantville trolley station on Alvarado Canyon Road.
MTS said access to the building will be monitored 24/7 and is designed to give people easier access to public transit and greener modes of transportation, such as walking and biking.
The commission has awarded 25 federal rental housing vouchers to help residents pay for their rent, according to a release Tuesday. It also issued $31.4 million in tax-exempt multi-family housing revenue bonds and $24.5 million in taxable bonds to go toward the development of ShoreLINE.
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According to the release, the property includes various units ranging from studios to three-bedrooms and will remain affordable for 55 years.
Other features include bike storage, outdoor gathering spaces, play areas for children and a community barbecue area. ShoreLine also includes a laundry room and a courtyard that spans 5,800 square feet.
MTS has other developments planned for the future, including near the Palm Avenue, Rancho Bernardo, 12th and Imperial Avenue, El Cajon, E Street and Beyer Boulevard trolley stations.
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