Meta Housing has broken ground on Otay Ranch, a 175-unit mixed-use and affordable housing community for low-income families and individuals in the San Diego submarket of Chula Vista, California.
Families in California have faced a shortage of quality affordable housing for a number of years now. This is especially true in San Diego County where the average home price recently rose to $825,120, an increase from $671,000 just one year ago, according to Kasey Burke, President at Meta Housing.
“The greater San Diego area is one of the most expensive cities to live in the state. With rapidly growing home prices, Meta has an opportunity to deliver a community that addresses the lack of affordability in the area for residents,” says Burke. “Further, Otay Ranch will contribute to enriching residents’ lives by offering on-site supportive services including adult educational classes, health and wellness programs, and skill building courses, among others.”
The new development will be comprised of three buildings totaling 238,595 square-feet in which approximately 10,000 square-feet will be designated for commercial use on the first floor. The mixed-use component of the property will further aid in revitalizing the area and encouraging a sense of community for the surrounding neighborhood.
Otay Ranch will also feature in-demand amenities for resident engagement such as a community garden, outdoor lounge with a BBQ and pool area, tot lot, ample parking, and bike storage.
The property is planned to consist of five one-bedroom; 72 two-bedroom; and 46 three-bedroom units and is located at Otay Ranch Village 8 in Chula Vista, California.