San Diego Housing Authority creates $5.9M affordable housing preservation fund

San Diego’s Housing Authority approved a new Affordable Housing Preservation Fund on June 30, giving the San Diego Housing Commission permission to accept $5,913,554 in Neighborhood Enhancement Fee revenue from the city.

The money comes from fees tied to new development. City budget staff say the fund is meant to help preserve existing apartments that are still affordable, including naturally occurring affordable housing and deed-restricted units that could otherwise be lost to higher rents or sale.

The vote does not authorize any specific property purchase. The resolution says future uses, acquisitions, and program rules will come back later for separate approval.

For renters, that means San Diego now has a preservation tool aimed at slowing displacement in older buildings. For residents and housing watchers, the next question is how quickly the commission turns the new fund into a working program.

Sources

• City of San Diego blog: The People’s Business (June 26, 2026)
• San Diego Housing Authority Resolution HA-2026-6
• KPBS: San Diego fund to preserve affordable housing
• NBC 7 San Diego: Fund to preserve affordable housing