San Diego-based CRP Affordable Housing and Community Development has closed on financing for the first phase a new affordable housing complex near the Pasadena City College campus.
Colorado Crest, slated to replace a trio of commercial buildings at 1756-1776 E. Colorado Boulevard, calls for the new construction of a seven-story development containing 88 one-, two-, and three-bedroom apartments with 2,000 square feet of ground-floor commercial space and parking for 23 vehicles.
The initial phase of the project will include 44 apartments reserved for households earning between 30 and 60 percent of the area median income level.
1756 E. Colorado BoulevardGoogle Maps
Shelter Architects is designing the project, which is depicted in a rendering with twin seven-story structures.
CRP previously developed an affordable housing complex near the A Line's Sierra Madre Villa Station.
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- Pasadena (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
