Affordable housing and childcare JV
San Diego UnifiedCalifornia- Detected
- Jul 23, 2026
- 103 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
San Diego Unified School District is evaluating a Mirka Investments proposal for a joint-occupancy project at 2101 Commercial St with 174 affordable units and a purpose-built childcare facility SDUSD would operate. Mirka would own and operate the housing under a long-term ground lease, with financial closing targeted for late 2027 or early 2028 and 24 months of construction. This early-stage concept will require design, engineering, entitlement, childcare facility build-out, and long-term operations support once the district moves forward.
Proposal estimates $7,500,000 in guaranteed ground lease payments and up to $199,814,713 total income to the district over the holding period, with an NPV of $40,690,326 at 3%. Project includes a dedicated SDUSD-operated childcare facility integrated into the housing development.
From the meeting
- Meeting date
- July 23, 2026
- Agency
- San Diego Unified
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