Occurring Affordable Housing = N.O.A.H
Silvergate Development specializes in the
development of Naturally Occurring Affordable Housing
(N.O.A.H). Naturally Occurring Affordable Housing
occupies the "missing middle' of the housing affordability
spectrum. It bridges the gap between government subsidized
housing and high-end lifestyle apartments. NOAH is multi-unit
work-force housing that delivers quality for value.
It represents the solution to the mounting housing affordability
crisis in San Diego County, Southern California, and across
In the recovery after the financial crisis
developers have predominately focused on either the high
end of the rental housing market or the low end (i.e.
government subsidies) leaving a large void of new housing
and an aging stock of existing housing in the middle.
Silvergate has recognized this opportunity and has designed
a highly-efficient three-story walk-up apartment prototype
to fill the void. The proprietary Silvergate apartment
prototype leverages its principals combined 80+ years
of housing development expertise to deliver the optimal
design for Naturally Occurring Affordable Housing.
The Silvergate prototype is designed from
the inside out with a focus on high-end functional
unit interiors featuring modern open floor plans, high
ceilings, and luxury finishes. The Silvergate prototype
includes fewer amenities than a typical lifestyle community
but targets a discerning tenancy that values unit quality
over the quantity of amenities. Construction efficiencies
and the proprietary design allow Silvergate to lease comparable
units for $200-$400/month less than the lifestyle developers.
Silvergate is unique in that it is not
looking to compete in the crowded market at the high-end
of the rental housing spectrum in Downtown San Diego.
Instead Silvergate focuses on transit-oriented opportunities
in secondary markets throughout San Diego County.
Market fundamentals and the supply/demand equation in
San Diego have created a very favorable climate for Silvergate's
niche business model. Additionally, there is a growing
pro-development pro-housing movement in San Diego that
is building momentum and justifying the business case
for Naturally Occurring Affordable Housing.
Please see the following links to some
local organizations that share in our mission of solving
the housing affordability problem in San Diego:
Here are several studies that are helping
Housing You Matters understand the problems of creating
homes that are more affordable.
to Lowering Housing Costs 2015 - Point Loma Nazarene
the Housing Affordability Crisis - San Diego Housing
2016 Roadmap to Shared Prosperity
- California Forward
Matters: Housing Affordability and VMT Reduction
House Housing Development Toolkit September 2016
Analyst's Office, Perspectives on helping low income
Californians afford housing, 2016
Circulate San Diego Publishes Report
on Transit Oriented Development in the City of San Diego
Transportation and land use think tank Circulate San Diego
published a report today on how the City of San Diego
can better facilitate transit oriented development (TOD).
Circulate San Diego’s report titled “Transit Oriented
Development” outlines a variety of policies the City of
San Diego can implement through city-wide municipal code
To promote more TOD, the report details
proposals covering a variety of policies, from reform
of parking requirements, updates to traffic models, and
implementation of the City of San Diego’s groundbreaking
update to the Affordable Homes Bonus Program.
Association of San Diego County
Industry Association (BIA) of San Diego exists
to represent the many companies that plan, design and
build the many places where San Diegans live, work and
Members of the BIA generate thousands
of jobs in the greater San Diego region and together are
one of the most important driving forces in our local
economy. With nearly 800 company members and all of their
thousands of employees, the BIA is a major voice supporting
the efforts to build all types of residential and commercial
projects. The BIA marshals the collective influence of
those who are engaged in the building industry to address
issues that impact the development community in San Diego
The BIA unites the industry and the broader
business community around a common vision for the region
and is respected and sought after as a partner for its
expertise, perspective and influence. The BIA is pro-active
and solution-oriented in identifying and addressing issues
that impact community growth and development.