SAN DIEGO (FOX5/KUSI) — San Diego city leaders are moving forward with a plan to preserve affordable housing, warning that without action, thousands of families could be priced out of their homes in the coming years.

On Thursday, the City Council’s Land Use and Housing Committee voted unanimously to advance a proposal to create an Affordable Housing Preservation Fund.

The initiative would combine public dollars with private investment, including philanthropy, to buy existing apartment complexes near jobs, schools, and transit, thereby keeping rents affordable in the long term.

“Hardworking San Diegans deserve rents they can afford in homes that they aren’t at risk of losing,” said Council President Pro Tem Kent Lee, who chairs the committee. “The Affordable Housing Preservation Fund wil

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