$48.5M supportive housing development underway in Winnetka

In Winnetka, construction began earlier this year for Palm Vista, a $48.5-million affordable and permanent supportive housing complex at 20116-20128 Sherman Way.

Construction of the Palm Vista development viewed from Sherman WayUrbanize LA

The project, which is being developed through a partnership between Hollywood Community Housing Corporation and GTM Holdings, will replace a series of automobile repair shops with a new four-story building containing 44 supportive housing units, 45 low-income housing units, and two manager's apartments.

Plans call for a mix of one- and two-bedroom floor plans, all of which would be set aside for households earning no more than 50 percent of the area median income.

Lahmon Architects is designing the contemporary low-rise building, which sits near the intersection of Sherman Way and Winnetka Avenue.

Location of the Palm View development in WinnetkaGoogle Maps

Palm Vista is being funded through a variety of sources, including $25 million in tax-exempt multifamily housing conduit revenue bonds and roughly $2.4 million in taxable multifamily housing conduit revenue bonds approved earlier this year by the Los Angeles City Council.

Hollywood Community Housing and GTM Holdings are both developing other supportive housing projects in the Los Angeles area, including the Reese Davidson Community in Venice and the Depot at Hyde Park on Crenshaw Boulevard.