Island Village Apartments

A mixed-use development with 281 units along Market Street in the East Village, Island Village provides studios for single, low-income adults working in Downtown San Diego, along with 3,000 square feet of commercial lease space on the ground floor.  Island Village is owned by East Village West, LP and managed by Royal Management, with HDP as the nonprofit management partner.

Construction was completed in September 2003.

Island Village units are restricted to renters with incomes at or below 50% & 60% AMI, and will remain affordable for 55 years.

1245 Market Street San Diego, CA 92101 280 units

4% Low-income housing tax credit equity provided by Royal Management
Tax exempt bond loan financed by Deutsche Bank
Residual receipts loan provided by San Diego Housing Commission