Social Objectives
Performance Guidelines for Fund Manager
- Develop workforce housing (80% AMI or below for rental and 100% AMI or below for sale) without geographical constraints.
- Develop industrial/commercial/mixed-use/mixed-income projects in low-moderate income communities in the San Diego region.
- The investments should facilitate or provoke community or economic revitalization
- Avoid displacement and discourage gentrification
- Encourage/facilitate the creation or enhancement of livable wage job opportunities
- Facilitate regional civic objectives for accomplishing "smart growth" Transit oriented in older communities
- Be of mixed use
- Involve locally based non-profit developers in the development process
- Be compatible with community plan goals in whichever neighborhood it is being developed
- Encourage environmental enhancements
- Encourage development of open space
- Promote affordable home ownership
- Offer amenities (child care, etc.)
- Provide gap capital for projects, which might not otherwise be done
- Optimize existing community resources
- Serve as catalyst for innovative design and innovation
- Allow for ongoing monitoring and evaluation
- Encourage projects in public designated incentive/redevelopment areas