Developed by National CORE, the 66-unit Encanto Village offers affordable housing options to residents in San Diego. A LEED Gold property, the project is a new anchor in the greater Encanto neighborhood and a model for future development in the area.
Ryan Beck Developed by National CORE, the 66-unit Encanto Village offers affordable housing options to residents in San Diego. A LEED Gold property, the project is a new anchor in the greater Encanto neighborhood and a model for future development in the area.


National Community Renaissance (National CORE) has received an A+ credit rating from Standard & Poor’s Global Ratings, a move that the nonprofit affordable housing organization says will open up new financing opportunities.

National CORE leaders say the firm becomes only the second affordable housing developer in the nation and the only one in Southern California to earn such a rating.

As National CORE continues to expand its portfolio, the organization expects the A+ rating to help its efforts by bringing in new financial resources such as Wall Street investors, pension funds, and other for-profit investors.

“National CORE has taken a holistic approach to the development of high-quality affordable housing,” said National CORE president and CEO Steve PonTell. “As a vertically integrated organization, our team of industry leaders in acquisitions, development, construction, property management, and social services has helped us go beyond building brick and mortar housing to create engaged communities and neighborhoods where families and seniors have access to opportunities, resources, and essential services.”

The nonprofit owns and manages more than 7,500 affordable, senior, market-rate, and special-needs units in California and hopes to double its portfolio over the next five years.