How Measure B Will Guarantee Affordable Housing Development

San Diego

In March, San Diego residents will have the opportunity to vote on the future of affordable housing development Newland Sierra. The project includes a deed-restriction that requires the project include 60% affordably priced units. The covenant is unique and legally binding, meaning that if passed, Measure B will be a guarantee of new affordable housing.

“Measure B will provide affordably-priced housing options for working families in San Diego County, all guaranteed through a legally binding covenant recorded as a restriction on the deed of the property,” Rita Brandin, SVP and development director of Newland, tells GlobeSt.com. “This legally enforceable covenant guarantees that 60% of the new homes will be priced affordably for working families and seniors and that 10% of those homes will be affordably priced rentals for low and very low-income families.”