10/21/2026
Thank you Assemblymember Chris Ward, and Senator Catherine Blakespear, Senator Brian Jones, Senator Steve Padilla and Senator Akilah Weber Pierson, M.D. for your leadership and assistance in securing $6.5 million in state funding to accelerate affordable housing production, preservation, and regional capacity.
It is a significant boost for the relatively new San Diego Regional Housing Finance Authority established by the San Diego Community College District and San Diego Unified School District under Senate Bill 440, which allows two or more public agencies to raise, administer, and allocate funding for affordable housing in specific regions.
"Safe, high quality, affordable housing is essential to a thriving regional economy,” said SDCCD Chancellor Gregory Smith. “We are grateful for the state’s investment in establishing a housing finance authority to bring safe, high quality, affordable communities to San Diego.”
The one-time funding is part of a combined $17.5 million allocated to California’s three regional housing agencies, including those serving the Bay Area, Los Angeles, and San Diego. It was included in Senate Bill 113 which was recently signed by Governor Newsom. Collectively, the three regional housing agencies represent more than 20 million California residents.
“We are grateful for the support of our legislators, our philanthropic partners, and our community. We are building the foundation for long-term, collaborative solutions that can expand affordable housing opportunities for working families, educators, and students throughout our region,” said Cody Petterson, Ph.D., San Diego Unified Trustee and Chair of the San Diego Regional Housing Finance Authority. “The state's investment reflects growing recognition that regional collaboration is essential to meeting California's housing needs.”
Locally, the SDCCD and San Diego Unified have already embarked on commitments to provide housing for their employees and students. San Diego Unified recently approved 2,500 workforce homes on five school properties, while the SDCCD has an 800-bed affordable student housing project underway at City College. The district also recently signed a lease agreement to convert a downtown office building into 60-units of apartments for students with partners and dependents.