Take a glimpse of what its like to live in a $525 per month units in the new $79.3 million Atmosphere apartment building in downtown San Diego. Unlike a lot of subsidized housing projects, this is located in a central, upscale neighborhood where rents average $1,859.
Each unit cost $386,000 per unit and will rent to people and families with incomes of $17,000 to $45,000 per year for between $525 to $1,250. The funds to build the project was cobbled together from tax credits, ‘infill’ development incentive funds, various city, county and other governmental agencies, as well as bank loans.
The building also offers amenities for the low income population it serves, including “computer lab, communal kitchen, rooftop deck, courtyard, laundry facilities and a children’s play area. Services will include after school programs for children, as well as job readiness and computer classes for adults.”
Though the mayor touted this project as providing housing for service workers working in downtown, the article features a retirement age couple who lost their business and house in the Great Recession and have struggled with health problems.
“Atmosphere is a perfect example, ladies and gentlemen, of what we need to build all over San Diego — in every single neighborhood across the city,” said Mayor Kevin Faulconer at the opening ceremony Wednesday on the building’s rooftop terrace.