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San Diego’s 400-Unit Affordable Housing Plans for Former Ritz-Carlton Site Collapse

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Photo by Alyssa Best on Unsplash
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Efforts to redevelop a prominent site in downtown San Diego into a 400-unit affordable housing community have officially been abandoned. The decision to end negotiations with Chelsea Investment Corp., the developer behind the proposed project, reflects the broader economic challenges of financing low-income housing during an era of rising costs, high interest rates, and scarce […]

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