A transformative development that will create energy-efficient affordable housing alongside a new Trolley station in Mission Valley. This year, this San Diego County project was awarded funding from a leading-edge State of California program designed to fight climate change.
The Affordable Housing and Sustainable Communities (AHSC) program has awarded $41.1 million to Phase 1 of Riverwalk San Diego. Riverwalk San Diego is a master-planned village spread across 200 acres, with a projected cost of $3 billion. It will eventually feature 4,300 multifamily units, out of which 430 will be affordable homes. The village will also include:
- 110 acres of parkland.
- One million square feet of office space.
- 150,000 square feet of retail space.
Currently, the land is being used as a golf course.
Phase 1 includes 188 affordable homes, a centrally located MTS Green Line Trolley stop, and new bicycle and pedestrian infrastructure along the existing San Diego River trail. The project results from a partnership between the privately owned real estate development firm Hines and the local nonprofit Wakeland Housing and Development Corporation.
“On behalf of the California Strategic Growth Council, we are thrilled to award Wakeland Housing’s Riverwalk Phase I project through the Affordable Housing and Sustainable Communities program,” said Lynn von Koch-Liebert, Executive Director of the Strategic Growth Council. “This project will create 188 units of high-quality, affordable housing,
prioritize pedestrian-first transportation options, and cultivate energy-efficient places where residents can strengthen the community’s social fabric. We look forward to how this project will promote climate resilience and equity in San Diego.”
“This funding will truly transform lives by creating climate-friendly affordable homes with easy access to jobs, schools, and transit,” said Wakeland Housing and Development Corporation President and CEO Rebecca Louie.