San Diego officials say they’re helping to solve the local housing crisis with a little-known “gap financing” program that has spurred nearly two dozen apartment complexes with more than 2,000 units across the city.
Launched four years ago, the program poolsan array of funding sources from city, county, state and federal governments to help developers build projects that would otherwise not be financially feasible.
The results include 23 projects in nearly every corner of San Diego, from Rancho Bernardo in the north to San Ysidro in the south, and from Grantville in the east to Pacific Beach in the west…