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Clear the way for home builders to replace single-family homes with up to FIVE affordable homes, creating much needed middle-income housing in the City of San Diego by eliminating minimum lot size requirements.
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Each of these new homes, which we are calling “High Density Family Housing” (HDF), would include 2 or 3 bedrooms and a garage.
This High Density Family Housing will cost 42 percent less on average than existing single-family homes, according to a financial analysis by London Moeder Advisors.
Help solve our housing crisis
Grow the local economy and create new revenue
Increase density and decrease Vehicles Miles Traveled
For sale Middle Income housing is critically important because there’s so little of it in San Diego, where the average price of a home is $900,000 and the average rent for a 3-bedroom apartment is $4,000.
High costs and lack of housing drive rents higher and create a huge imbalance in our city between the Haves and the Have Nots. This initiative would lower the cost of new homes because homebuyers would be buying less land, Creating Homeownership Opportunities that do not exist for San Diego’s middle class and working families, including construction workers, tradesmen/women, teachers, public safety workers, office workers, first-time home buyers, and others.
Rezoning single-family lots into smaller parcels, while identifying funding to develop new affordable homes, will stimulate the local economy for new goods, services, jobs, and mortgages.
There are more than 200,000 single-family lots in the City of San Diego. Subdividing in compatible locations consistent with community plans or through targeted plan amendments, and building small-lot homes, will retrigger property taxes, creating new city revenue for parks, rec centers, sidewalks, street lights and more.
Eliminating minimum lot size requirements will increase the property tax revenue for the City of San Diego up to $430 million per year while only affecting 1.4 percent of the current single family housing stock, according to a new analysis by London Moeder Advisors.
An increase from two units per acre to three decreases Vehicle Miles Traveled (VMT) per household by over 2,000 miles, from 25,500 to 23,042. Thus, in San Diego’s sprawling, low-density environment, one new housing unit per acre reduces VMT by over 2,000 miles, or 8 percent.
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