Robert Ito and former City Manager Jack McGrory are building — and making a profit — for middle-income residents
Many years ago, Robert Ito was focused on helping people get better jobs. Then he turned to getting them into better homes. A housing developer for decades, the San Diego native more recently has been launching projects specifically targeted for middle-income residents. Figuring out how to fill the gap in the housing market between subsidized rentals and high-end homes has long been a goal of government officials, socially conscious organizations and some developers.
Among the investors in the Encanto-area projects are Mission Driven Finance and Alliance Healthcare Foundation. Alliance is a nonprofit, but Mission Driven is not. Yet both funds practice 'impact investing' — a philosophy of using capital for social and environmental improvement, while getting a financial return. Ito said the two funds have invested $1.2 million in the development projects.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego FC Chrome Ball tour is heading to Chula Vista this weekendThe new arena will be home to the San Diego Sockers, San Diego Clippers and more.
Read more »
Frontwave arena in Oceanside nears completionThe new arena will be home to the San Diego Sockers, San Diego Clippers and more.
Read more »
Presidential Candidate Robert F. Kennedy, Jr. Sails in San Diego with SupportersPresidential candidate Robert F. Kennedy, Jr., along with nearly 50 friends, family and supporters, spent the evening sailing in San Diego on Thursday. Kennedy and his wife, actress Cheryl Hines, sailed from the San Diego harbor to Coronado and near Downtown San Diego, hosted by local boat charter Aolani Catamaran. The event included March Madness sweepstakes winners, auction winners, and ticket purchasers.
Read more »
San Diego-based Barrio Dogg now serving 'Chicano comfort food' in San Antonio's SouthtownSan Diego-based Barrio Dogg, a purveyor of 'Chicano comfort food,' is branching out from its Southern California roots into a newly opened spot in Southtown. The business, known for its specialty hot dogs, has taken over the space at 620 S. Presa St. that previously housed vegetarian haven Señor Veggie, according to an Instagram post.
Read more »
California Attorney General Bonta and San Diego leaders tackle fentanyl traffickingLeaders local to San Diego, state and federal leaders met in San Diego on Monday to discuss the effects fentanyl trafficking has on the San Diego community and…
Read more »
TikTok influencer seeks support for homeless outreach in San DiegoSpencer Soicher joined the ABC 10News team in July 2023 as a multimedia journalist.
Read more »