San Diego San Diego

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In March, San Diego residents will have the opportunity to voteon the future of affordable housing development Newland Sierra. Theproject includes a deed-restriction that requires the projectinclude 60% affordably priced units. The covenant is unique andlegally binding, meaning that if passed, Measure B will be aguarantee of new affordable housing.

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"Measure B will provide affordably-pricedhousing options for working families in San Diego County, allguaranteed through a legally binding covenant recorded as arestriction on the deed of the property," RitaBrandin, SVP and development director ofNewland, tells GlobeSt.com. "This legallyenforceable covenant guarantees that 60% of the new homes will bepriced affordably for working families and seniors and that 10% ofthose homes will be affordably priced rentals for low and verylow-income families."

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This covenant is the first in San Diego, and according to thedeveloper, it is a solid agreement cannot be changed. "Mostimportantly, the terms of this covenant related to the guarantee ofaffordable housing cannot be changed; and they can be enforcedlegally by any community partner or stakeholder, includingnonprofit leaders, affordable housing advocates, public safetyofficials and others," says Brandin.

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The housing project will be built in a partnership withWakeland Housing and Development Corp. "It willprioritize more than 500 affordably priced homes for teachers,public safety officers, firefighters, veterans, military personneland other professions to help keep those who serve San Diego withinour community," says Brandin.

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The Measure already has strong community support, andBrandin says the support is indicative of the developer'sstrong community network. "As we've embarked on this journey tobring this project forward, I've understood the critical importanceof having a strong network of community partners," she explains."Every step of the way, we've made sure to engage all members ofthe community and our coalition of support for Yes on B is atestament to the success of that outreach. Our supporters are theones who will ultimately help take us to victory in March."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.