Santee Gains About $28 Million in Bond Proceeds for Redevelopment and Affordable Housing

The City of Santee got better than expected rates for bonds that will fund redevelopment in Santee, specifically around Prospect Ave.

At the Council directed City staff to issue bonds for redevelopment as sooon as possible, in order to have a shot at beating the state's upcoming legislation which might wipe out municipal redevelopment agencies and their funds.

It was reported Tuesday night that the City of Santee received just under $24 million in bond proceeds for redevelopment projects and just under $4 million for affordable housing apartment complex at Olive Lane, according to City Manager Keith Till.

"In what our underwriters termed 'a stupendous' response by the bond market, Santee's tax exempt and taxable series bonds were bought up today under terms that were even a bit better than what was discussed last night [at the Council meeting]," wrote Till.

He added that Santee's helped generate considerable interest in the bond market.

"The projects this enables us to commence will create many good and . We expect increased private investment in the area to follow," he said.

The Council decided on Monday that the bond proceeds would be put towards , improving up to 127 acres that fall between Mission Gorge Road, Cuyamaca Street, Gillespie Field and Magnolia Avenue.

The affordable housing project will be discussed at the .

Kathy March 05, 2011 at 02:15 AM
I'm sorry, Dolores, you are correct, I really should be more sensitive and I apologize. I wasn't even aware that those apartments on Fanita or Woodside were low income housing, they are beautiful. My image is the Woodglen Vista Apartment and the other one on Mission Gorge Road, by where the Santee School stood. As I said, I was a single parent at one time and at that time, there was no low income apartments that I qualified for, even though I only brought home $600/mo and my rent was $490/mo. Of course, this was several years ago but I do remember, literally eating beans and hot dogs, so I could afford formula and diapers. The real solution is for tougher qualifications for low income housing and I believe that a person must have some type of work, even if it is minimal hours, at least to prove they are at least trying to help themselves. I don't know how, but I do know for a fact that the Woodglen Vista Apartments have residents that do not work and have other friends and families living with them. This angers me, as I am sure it angers you, considering your tax dollars are paying for their apartment, too. Again, I sincerely apologize for my initial remarks, they were not really directed to you. I have posted on the Patch Boards several times, regarding the Affordable Housing Projects but received no answer. I would support housing like on Fanita & Woodside, as long as, it does not end up like Woodglen & Mission Gorge Housing.
Kathy March 05, 2011 at 02:45 AM
I agree the Trolley is great when it is used by citizens and not the criminals. One of my sons rides the Trolley daily to SDSU, and the trolley has made it very easy. I have driven him directly to SDSU a few times over the last 3 years and what a nightmare. If I was a student at SDSU, I would use the Trolley everyday, it is too congested to drive. My daughter goes to SDSU, too, but she drives because she works after classes but she has to go early in the morning. My son is 6 ft, 245 lbs so no one messes with him but he has seen many undesirables on the trolley especially in the evening. This is a public board, so I try not to share too much personally but if you email Steven Bartholow, Editor at Santee Patch, I will give him permission for him to share my email address with you. You could email me then and depending when your daughter rides the Trolley, she could sit with my son, she would be plenty safe with him. I am on the Santee Patch Mom Council, you should check out our discussions.
Dolores Brown March 05, 2011 at 09:43 PM
Thanks Kathy!
Melonie March 10, 2011 at 07:45 PM
I commented earlier on this topic. Just so you know, I am not criticizing or supporting any one in-particular. This is just what I have learned on the subject in trying to educate myself and come to an unbiased conclusion. :) There have been a lot of studies on how the affordable housing communities affect the surrounding single family market. One study in-particular concluded: "It is becoming increasingly clear that the fears are ill founded and more emotional than substantive. On all fronts, therefore, we have found little empirical support for arguments against locating lower income housing..." If done right, scattering the developments vs. clustering them, there shouldn't be any negative impact and actually there is evidence of gains in values. For instance, the recent Cedar Creek project was built in an area underutilized and neglected. Reforming a blighted area will definitely make a positive impact. So the building of subsidized housing can actually increase surrounding values by replacing dilapidated buildings, providing a buffer between single family homes and areas zoned as commercial and the housing can insulate the area from the increased noise of traffic (think of all the new freeways opening this month) while at the same time providing low-income residents with convenient access to shopping, employment opportunities and public transportation. Please see the PDF I uploaded. Albeit dated, it does give a fair conclusion on the impact of property values.
snipe69 April 04, 2011 at 06:00 PM
I think it is sad that the city keeps ignoring the streets between Mesa and Prospect(Chet F Harritt School) all the way to Ellsworth and Prospect (Prospect Charter School). I see children walking everyday half way in the street because there are no side walks for the kids and adults. The bus stops for students on Prospect to take to West Hills High School have to travel through mud to wait on a cement slab for a bus to come by. Trees, mailboxes,telephone poles, trash cans, drain ditches and the occasional boat lie in path ways and leave the kids on the street to walk! This leaves such a danger zone for the children in our community and the city wants to focus on-- The Council decided on Monday that the bond proceeds would be put towards Prospect Avenue area redevelopment, improving up to 127 acres that fall between Mission Gorge Road, Cuyamaca Street, Gillespie Field and Magnolia Avenue all the ares the new freeway pours through!


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