On Wednesday, June 15, People’s Self-Help Housing (PSHH) celebrated the groundbreaking of their newest affordable housing in San Luis Obispo County.
Tiburon Place, located centrally at 3750 Bullock Lane, will provide 68 new affordable units comprised of studio, one, and two bedroom apartments. The three-story, three building configuration will also feature a community building, outdoor courtyard, onsite laundry facilities, and a playground for children. Residents will have access to free, onsite supportive services including case management, counseling, community referrals, and more. The groundbreaking celebration welcomed notable community partners including City of San Luis Obispo Mayor Erica A. Stewart and County of San Luis Obispo District 3 Supervisor Dawn Ortiz-Legg.
“For every unit of affordable housing that we provide, there’s about six households that are waiting,” said Ken Trigueiro, People’s Self-Help Housing CEO & President. “With Tiburon Place, we’re going to make another dent in tackling this affordable housing crisis.”
Tiburon Place will provide housing for individuals and families making 30-60% of the area median income as well as populations with special needs. The cost of rent will be calculated for each individual resident based on their income, with a goal that they pay no more than 30% of their annual income in rent. Tiburon Place is expected to be completed within the next 22 months.
Funding partners consist of Key Bank, US Bank, the City of San Luis Obispo, the County of San Luis Obispo, the California Department of Housing and Community Development, the California Municipal Finance Authority, the California Tax Credit Allocation Committee, and the California Debt Limit Allocation Committee. Development partners include CSA Architect and Ashley & Vance Engineering. The project was also made possible due to a generous land donation from Ambient Communities Central Coast.
To learn more about People’s Self-Help Housing, visit pshhc.org.