The Single Greatest Threat to San Diego’s Economic Growth
San Diego County is in a housing crisis with a shortage of safe, affordable housing. How can we build resilient communities if San Diegans can’t afford to live here? Housing is a foundational issue that affects all income sectors.
Growing Supply Gap.
Housing production is not keeping pace with housing need. The housing backlog in California will reach 3.5 million by 2025.
![Man walks along wall studs on a construction site.](https://www.sdhousingfund.com/wp-content/uploads/2024/02/oto_whothishelped4_family_PW2BCE-7@2x.jpg)
![Man walks along wall studs on a construction site.](https://www.sdhousingfund.com/wp-content/uploads/2024/02/oto_whothishelped4_family_PW2BCE-7@2x.jpg)
Economic Impacts.
Housing affordability limits recruitment and retention of the skilled workers who drive San Diego’s innovation economy.
42% | Increase in the median home price in San Diego County in the past five years |
$150k | Average annual pay in life sciences sector vs $200,000 needed to qualify for purchase of an existing single-family home at the $900,000 median price |
38% | of San Diegans spend more than 30% of their income on housing |
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/economic-impacts.jpg)
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/economic-impacts.jpg)
Workforce Impacts.
The lack of accessible, affordable housing makes our future workforce vulnerable. A staggering 59% of San Diego Community College District students are housing insecure.
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/work-impacts.jpg)
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/work-impacts.jpg)
Inequitable Impacts.
The cost burden of housing is unequally distributed in San Diego.
51% | of Black San Diegans pay more than 30% of their income on housing |
43% | of Latino/a San Diegans pay more than 30% of their income on housing |
34% | of White San Diegans pay more than 30% of their income on housing |
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/inequitable-impacts.jpg)
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/inequitable-impacts.jpg)
Thinking Differently about Housing
The San Diego Housing Fund (SDHF) is partnering with investors, real estate developers and property owners on a new approach to provide faster, more efficient housing production across the spectrum of affordability.
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/Mask-group-4.png)
![](https://www.sdhousingfund.com/wp-content/uploads/2024/02/Mask-group-4.png)