At its meeting on September 8, the Los Angeles City Council voted to approve the issuance of up to $36.6 million in multifamily housing revenue bonds for the construction of two permanent supportive housing projects in Hollywood and Van Nuys.
The first project, called The Pointe on La Brea, would replace an auto repair shop at 843-849 N. La Brea Avenue in Hollywood.
Developer EAH Housing secured entitlements in February to raze the existing improvements to make way for the construction of a five-story, 50-unit apartment building containing 49 dwellings reserved for formerly homeless persons. Plans also call for a five-car garage and on-site supportive services.
The project, designed by FSY Architects, is poised to receive up to $22.8 million in bond financing following the City Council action.
The second project, slated for a property at 16015 W. Sherman Way in Van Nuys, is being developed as a joint venture between Daylight Community Development, the Downtown Women's Center, and Decro Corp.
Known as Oatsie's Place, the proposed four-story, 46-unit apartment building will house women experiencing homelessness and survivors of domestic violence.
Studio One Eleven is designing the project, which was approved for up to $13.8 million in funding.
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