In its ongoing mission to partner in the development of long-term, high quality and sustainable affordable housing in San Diego’s urban communities, Civic San Diego (“CivicSD”) congratulates Chelsea Investment Corporation and was proud to participate in the Grand Opening of Ouchi Courtyards.
On Tuesday, May 16th, CivicSD President, Reese A. Jarrett joined members of the Chelsea Investment Corporation, the Southern California Housing Collaborative, Ito Girard & Associates, Union Bank, City of San Diego Council President Myrtle Cole and community residents to celebrate the completion of this vital addition to the Encanto neighborhood.
Located near local and regional transit facilities at 5003 Imperial Avenue in the Lincoln Park neighborhood of Encanto, Ouchi Courtyards is a mixed-use project – combining housing, community spaces and five thousand square feet of retail, activating this space for residents, visitors and neighbors.
With 44 affordable two- and three-bedroom resident units, seven of which have been set aside as supportive housing for persons with developmental disabilities, and one manager’s unit, Ouchi Courtyards aligns with the community vision laid out in the recently adopted Community Plan Update and the goals of the Imperial Avenue Corridor Master Plan, both focused on creating a synergistic node along this vital community thoroughfare.
“Ouchi Courtyards is smart growth and development for our urban neighborhoods while providing affordable housing to deserving families,” said CivicSD President, Reese A. Jarrett. “The development of affordable housing is one of CivicSD’s core missions and Ouchi Courtyards is the embodiment of fulfilling that mission. Civic San Diego continues pursuing similar investments in San Diego to ensure that our urban communities continue to thrive.”
Funding for the project was provided in part by a $5.4 million loan from the City of San Diego and CivicSD, along with tax credit equity and developer provided funding for a total project cost of
Last modified: May 16, 2017