CHULA VISTA, Calif. (KGTV) - The Chula Vista City Council approved a $3,300,000 loan to Wakeland Housing and Development Corporation to begin the process of constructing a 47-unit affordable housing complex in the Southwest part of town. That money will go towards purchasing the property located along Anita Street near Industrial Boulevard.

City Housing Manger Leilani Hines said the process could take upwards of four years before people could move into the complex, which will be reserved for low-income families.

Hines told 10News adding the 47 units will be helpful but the region needs more affordable housing.

“It’s not nearly enough,” said Hines. “I think that any working-class family is going to tell you that they’re struggling right now.”

The San Diego Association of Realtors recently said the median price for a home in San Diego County hit an all-time high of $610,000.

Chula Vista and Wakeland already teamed up on a couple of affordable housing projects. Another complex is set to open in the city’s Millenia development.

“That wait list is over a thousand persons,” said Hines. “Those numbers absolutely scare me.”