TOP 10 Nonprofit housing development in San Diego, California

Studio Fifteen Apartments is a modern and affordable housing option located in the vibrant East Village of San Diego, California. Completed in 2009, this 275-unit mixed-use development offers furnished rental units that are accessible to low- and very-low income individuals earning 40 to 60 percent of the Area Median Income. These units will remain affordable for 55 years, providing long-term housing solutions for those in need. The building features units ranging from 260 to 500 square feet, with amenities such as a computer room and rec center for residents to enjoy. Underground parking is available with 58 spaces for convenience. The contemporary design of the building was recognized with a prestigious “Design Excellence Award” in the Affordable Housing Category.

The National Asian Amer Coalition, located at 9080 Black Mountain Road in San Diego, California, is a finance institution dedicated to helping underserved communities achieve their housing, business, and financial goals. As a US Department of Treasury Certified Community Development Financial Institution (CDFI), NAAC provides low-income borrowers with access to essential financial services, affordable credit, and investment capital. They do not decline borrowers, but instead work with them to prepare for funding opportunities. NAAC is also an authorized microloan intermediary lender of SBA and a HUD-Approved 501(c)(3) nonprofit housing organization. They provide comprehensive counseling to minority families and help small businesses and non-traditional borrowers access loans and financing options. NAAC is committed to supporting lending solutions for underserved communities and has a non-discrimination policy in place. To qualify for a loan, individuals must reside in an eligible state and meet underwriting requirements. Rates and terms are subject to change without prior notice. NAAC is licensed in California under California Finance Lender Law License #60DBO-93986.