ABC News: San Diego mayor addresses soaring housing prices

ABC News: San Diego mayor addresses soaring housing prices
July 13, 2017 Peter

The situation for affordable housing in San Diego will grow even more dire by 2020, according to a report Thursday by the San Diego Regional Chamber of Commerce and the Greater San Diego Association of Realtors. East Village resident Sharri Moore rents a two-bedroom affordable housing unit in the Pinnacle high rise for $1,000, or less than half the going rate. She says competition for the rare affordable housing units places stress on renters.  “So you have maybe about 300 people for maybe 36 units,” Moore said. “When you do get that lottery that you’re qualified for [a unit], then it’s just like jumping over hurdles trying to keep the unit.”

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