Affordable Housing for San Diego

Housing the People
Who Power Our City

Where Opportunity Lives.

The Boulevard of Hope Foundation develops new affordable homes and preserves existing ones, keeping working families rooted in the communities they built.

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The Need Is Real

San Diego Has a Missing Middle Crisis

Teachers, nurses, firefighters, and tradespeople are being priced out of the city they serve. The data makes the urgency impossible to ignore.

25,200

Unit Shortfall Today

San Diego's current housing deficit based on 2024 U.S. Census data and Moody's market analysis

~99,000

Affordable Units Needed by 2029

California's Regional Housing Needs Allocation target for low- and middle-income households in San Diego County

Nearly 50%

of Households Cost-Burdened

Nearly half of all San Diego households spend more than a third of their income on housing costs

<4%

Rental Vacancy Rate

As of Spring 2025, fewer than 4% of rentals are vacant — making competition fierce for every available unit

"The need for affordable housing in San Diego is greater than ever."

Stephen Russell, President and CEO, San Diego Housing Federation

Sources: San Diego County Housing Hub (2025), OBRAG / U.S. Census ACS (2024), San Diego Housing Federation / CHPC Housing Needs Report (2024), KPBS (2025)

Affordable housing development community

Our Mission

Homes for the
Backbone of San Diego.

Teachers, nurses, tradespeople, service workers, first responders: the people who keep San Diego running deserve to live in the city they serve. Boulevard of Hope was founded to make that possible through new affordable development, preservation of at-risk housing stock, and policy advocacy that puts working families first.

Our founders grew up in affordable housing. They know firsthand the stability and safety it provides, and the foundation it can be for a lifetime of opportunity. Now, with careers built across real estate construction and institutional investment, they are committed to paying that forward for future generations.

Our Story

Built From the
Inside Out.

Boulevard of Hope was not born in a boardroom. It was born in the kinds of neighborhoods our founders grew up in, communities where affordable housing gave working families the stability to plan ahead, stay rooted, and build something lasting.

That foundation shaped everything. Our founders went on to build careers at the intersection of real estate construction and institutional investment, underwriting, developing, and financing projects at scale across San Diego and beyond.

Today they are channeling that experience into a simple conviction: the same opportunity that shaped their lives should be available to the next generation of San Diego families. Boulevard of Hope is how they are making that happen.

“

Affordable housing gave us safety, stability, and the chance to imagine a different future. We built careers on that foundation. Now it is our turn to build the foundation for someone else.

The Founders, Boulevard of Hope Foundation

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Real Estate Construction

Ground-up development, construction management, and project delivery across San Diego

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Institutional Investment

Capital markets, deal structuring, and portfolio management at institutional scale

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Lived Experience

Personal connection to affordable housing and the communities we serve

What We Do

Two Ways We Create Housing

Every effort we make is aimed at one goal: ensuring working San Diegans can afford to live in the city they help build and sustain.

Residential construction site with cranes and framing

New Development

New Affordable Development

We partner with developers, public agencies, and lenders to finance and build new affordable housing, including workforce housing targeted at 60-120% AMI households priced out of market-rate units. From site identification through ribbon cutting, we bring the expertise to get projects built.

Preserved residential neighborhood with well-maintained homes

Preservation

Preservation of Existing Housing

Thousands of naturally occurring affordable units in San Diego are at risk of conversion or deterioration. We acquire, rehabilitate, and deed-restrict at-risk properties to lock in affordability for the long term, protecting existing residents and preventing displacement before it starts.

Get Involved

Your Street Starts Here.

Whether you invest your capital, your expertise, or your generosity, there is a meaningful role for you in building a San Diego where working families can afford to stay.

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Developers & Operators

Bring your pipeline, your platform, and your operational expertise. We provide mission alignment, community relationships, and access to affordable housing financing tools.

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Investors & Lenders

Deploy capital through tax credit equity, bridge lending, or direct investment in projects that deliver stable returns and lasting community impact.

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Real Estate Professionals

Brokers, architects, attorneys, consultants: your skills are exactly what we need to identify opportunities, structure deals, and deliver projects.

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Donors

Your gift funds predevelopment costs, community outreach, and the groundwork that turns an idea into a home. Every dollar moves us closer to the next project.

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Housing the PeopleWho Power Our City