Casa Familiar awarded $33M for rent-to-own housing project in San Ysidro

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Casa Familiar awarded $33M for rent-to-own housing project in San Ysidro
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The project includes building 103 rental units that, after 15 years, could be sold to them for the remaining debt.

Casa Familiar’s project to build more than 100 affordable, rent-to-own units and improve access to public transportation in San Ysidro just received the state’s blessing.

Plans include building 103 rental units for low- and moderate-income families that, after 15 years, could be sold to residents for the remaining debt, making them far more affordable than other for-sale properties. All but two of those units would be for households earning 30 to 50 percent of the area median income. In San Diego County, that’s between $45,450 and $75,750 for a household of four.

Once built, the mixed-use developments will provide 1-bedroom to 3-bedroom units, commercial spaces and community facilities, according to the organization.

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