City opens $15 million round of funding for mayor’s ‘Bridge to Home’ program
This marks the sixth round of funding for the gap-financing program, which has committed nearly $108 million to support 24 housing projects.
Dante Ulanday - News Moderator 
San Diego leaders Thursday announced an additional $15 million in funding for the Bridge to Home initiative to aid in the construction of more housing in the city.
This marks the sixth round of funding for the gap-financing program, which has committed nearly $108 million to support 24 projects that include 2,148 affordable homes, according to the city.
“This program is an integral component of our broader strategy to build more homes, bring down rents and lower the overall cost of living for San Diegans,” said Mayor Todd Gloria.
The city has issued a notice of available funding, inviting developers to propose projects aimed at increasing the supply of low- to moderate-income housing units. The initiative offers gap financing to help make such projects viable.
According to the city, of the $15 million in this round of funding, $10 million comes from former redevelopment funds, the use of which is restricted to creating new housing, including site improvements and construction.
The other $5 million is being provided by the city itself from federal housing and community development funding to allow smaller developers to build projects of 40 units or fewer.
“These smaller projects are essential for fostering vibrant and diverse communities,” said Christina Bibler, director of the city’s Economic Development Department. “They provide a variety of affordable housing options that cater to different needs, stimulate the local economy and enhance the overall quality of life for San Diegans.”
San Diego will host an emerging developer networking session on Aug. 19 to “provide an opportunity for these developers to make connections with qualified development teams who may want to collaborate on a proposal,” a city statement read.
New housing has been at least partially financed through Bridge to Home since 2021, when Gloria began the program. Of the new units, 421 come with services to prevent people from falling into homelessness.
So far, 140 of the homes are occupied. Another 595 homes are currently under construction, with work beginning on an additional 47 in August, according to the city.
