Affirmed Housing Breaks Ground on Spring View Affordable TOD at La Mesa’s Spring Street Transit Center

Affirmed Housing Breaks Ground on Affordable TOD in La Mesa
CRE Market Beat Take
Layered public subsidies alongside bank participation in Spring View highlight the complex capital stacks required to deliver transit-oriented affordable housing at scale.

Affirmed Housing and the San Diego Metropolitan Transit System have broken ground on Spring View, a new transit-oriented affordable housing community at the Spring Street Transit Center in La Mesa. The partnership-driven project is described as a nearly $116 million development and is the latest outcome of the organizations’ long-running collaboration around transit-accessible housing.

Spring View is planned to deliver 145 affordable homes along with two on-site manager units, bringing the total residential count to 147 units. The community is being built directly adjacent to transit, offering residents convenient access to public transportation and positioning the property as a transit-oriented development integrated with the San Diego region’s mobility network.

Affirmed Housing president Jimmy Silverwood framed the project as part of a broader strategy to link housing with essential services and opportunities. He noted that expanding access to housing requires looking beyond the individual units to how residents connect with employment, services, and daily needs. Silverwood highlighted that the ongoing partnership with the transit agency has enabled the team to pair high-quality affordable housing with direct transit connectivity at Spring View.

The capital stack for Spring View includes a mix of public and private funding sources. Federal support is provided through HUD-VASH and HUD Project-Based Vouchers administered by the County of San Diego, targeting residents who qualify for these programs. Additional County of San Diego contributions include IHTF, HOME, and HOME-ARP funds, underscoring the role of local government resources in advancing the project.

At the state level, the California Department of Housing and Community Development is contributing through its Infill Infrastructure Grant Program, designed to support housing in transit-served and infill locations. The California Tax Allocation Committee and the California Debt Limit Allocation Committee are also participating, indicating the use of state-level allocation tools commonly employed in affordable housing finance structures.

Private-sector participation comes from U.S. Bank and Citibank, which are listed among the funding partners supporting the development. Their involvement adds institutional capital to the layered financing approach required to deliver a large-scale, income-restricted community in a transit-oriented setting.

Spring View extends the established partnership between Affirmed Housing and the regional transit agency, reinforcing a model in which surplus or strategically located transit-adjacent sites are leveraged for affordable housing. While specific delivery timelines, rent levels, and lease-up expectations are not detailed, the project illustrates how public agencies and private developers can coordinate funding and land use to advance new affordable housing supply at a key transit hub in La Mesa.

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