The San Diego Housing Commission this morning approved the staff's plan for using the equity in 1,254 former public housing units to create 1,035 additional affordable rental homes.  The plan is expected to enable the Commission to diversify its portfolio of rental stock to include greater geographic diversity, particularly in northern parts of the City. Commission staff noted that the new units will come from the acquisition and rehab of foreclosed properties, failed real estate developments (apartments and condos), new construction and land acquisition. The Federation supports the plan, including its provision that 40% of the new rentals will be developed in partnership with entities outside of the Commission.  More information is here.