City of San Diego
About
The City of San Diego appears in the record as a lender in its capacity as a municipal government, not as a commercial lending platform. It extends soft and subordinate financing for affordable-housing acquisition and preservation, work administered locally through the San Diego Housing Commission.
As a political subdivision of the State of California, the City is categorically ineligible for CDFI certification under federal regulation (12 CFR 1805.201), and it is not a certified community development financial institution. This is public program lending, a different category from mission-driven private credit.
Public housing loans of this kind typically fund the gap that conventional credit will not, in exchange for long-term affordability covenants on the financed units. The specific program behind any single instrument is set by the city and is not always named in the recording.
LoanList has tracked one closing with the City of San Diego as lender: a $6,650,000 deed of trust recorded in April 2026 against a three-unit building in the University Heights neighborhood, funded at 100 percent of the recorded purchase price. This is a public-agency record, published for transparency; the City is not a solicitable commercial lender.
Lending Parameters
Markets served: California. Asset classes: Multifamily.
Recent Closings by City of San Diego
| Date | Amount | Asset | Property | City, ST | Lender | Purpose |
|---|---|---|---|---|---|---|
| Apr 6, 2026 | $6,650,000 | Multifamily | 3972 Cleveland Ave | San Diego, CA | City of San Diego | Acquisition |
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