A little-known local nonprofit hopes to play a key role in solving San Diego’s housing crisis with several new initiatives, including an aggressive proposal to accelerate construction of some low-income apartments. The Local Initiatives Support Corporation, which gives developers seed money to buy land for housing projects in low-income areas, is proposing to establish a $50 million regional housing affordability fund to make construction of such housing cheaper and faster. LISC also plans to accelerate construction of granny flats in San Diego by funding pre-approved architectural plans that would allow people to bypass the often lengthy design and approval phases.
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