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Housing commission says Affordable Housing Fund leveraged $155M in FY25, highlights homeless assistance
Summary
San Diego Housing Commission reported $19.5M in FY25 Affordable Housing Fund revenue and $18.1M in commitments, including $12.3M spent on homelessness programs that assisted 4,100+ households; IBA noted revenue volatility tied to large development payments.
San Diego Housing Commission staff presented the fiscal year 2025 Affordable Housing Fund (AHF) annual report to the City Council on Sept. 30, reporting that the fund received roughly $19.5 million in revenue during the year and committed $18.1 million to programs that leveraged more than $155 million in total development and program resources.
Suket Dial, executive vice president and chief financial officer for the Housing Commission, said the AHF continues to be a critical tool for building and preserving affordable homes and supporting homelessness responses. "These funds are critical tools that…
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