The project, named for its address at 456 W. 9th Street, features 91 one-, two-, and three-bedroom homes reserved for households earning between 30 and 80 percent of the area median income level. Those apartments received more than 4,300 pre-applications, per a news release from the developers.
“Everyone deserves to have a safe, comfortable place to lay their head at night - and I’m proud that today we’re providing that with these 91 units in the Harbor area," said Los Angeles City Councilmember Tim McOsker in a news release. "As we continue to tackle our housing crisis, we need to build at every level, but especially affordable housing to open doors to homes for these residents and prevent them from falling into homelessness."
RRM Design Group is the architect behind the contemporary podium-type building, which stands six stories in height and features amenities such as a community room , a gym, play areas, a picnic terrace, and a community lawn. Approximately 4,900 commercial space is located on the ground floor.
Project funding sources included HOME funds managed by the Los Angeles Housing Department, tax credit financing arranged through Raymond James, a construction loan from Bank of America, and a permanent loan by the California Community Reinvestment Corporation. The City of Los Angeles provided the land on which the project was built - formerly a city parking lot.
456 West is the third joint venture between Linc Housing and National CORE, which currently have more than 1,200 residential units in construction between them. The two firms completed work last year on a 101-unit complex next to the Crenshaw/LAX Line in Inglewood.
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- 456 W 9th Street (Urbanize LA)