107 Ash Street Gets Affordable Housing Boost | San Diego News
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107 Ash Street Gets Affordable Housing Boost | San Diego News
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San Diego’s long-awaited affordable housing transformation of the historic 101 Ash building is finally moving forward, with the City Council approving key lease changes to unlock financing and construction. The 21-story tower, once a vacant city office and marred by scandal, will now house 252 apartments — up from 250 — with rent capped for low- and moderate-income residents. The city extended its ground lease to 65 years and adjusted financial terms to make the project bankable, including a higher compound interest rate for the developer. With studios to three-bedrooms, on-site childcare, retail, and parking, this revitalization aims to turn a troubled landmark into a vital community hub.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.kpbs.org/news/politics/2026/09/15/san-diego-tweaks-deal-to-convert-101-ash-office-tower-into-affordable-housing
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