The developer's latest project, Mariposa Lily, would rise from a city-owned lot located at 1047-1055 S. Mariposa Avenue. Plans call for the construction of a seven-story structure featuring 41 studio, one-, two-, and three-bedroom apartments - half of which would be reserved for formerly unhoused residents.
HED is designing the apartment complex, which will have an Art Deco-inspired exterior composed of painted plaster and aluminum panels. Planned on-site amenities include a fitness center, a laundry facility, and parking for eight vehicles.
The $25.4-million project will be reserved for households earning at or below 30 and 60 percent of the area median income, according to a June 2020 staff report to the California Tax Credit Allocation Committee. Rents for the apartments are expected to range from $591 to $1,757 per month.
Mariposa Lily is funded through a variety of sources, including Measure H, Measure HHH, and tax credit equity.
Completion of the apartment complex is anticipated in October 2022, according to a representative of the developer.
The groundbreaking for Mariposa Lily comes just months after the start of construction for Berendo Sage, a similar affordable and supportive housing complex being built by West Hollywood Community Housing on a property located five blocks east. The developer's other recent projects also include the Elden Elms apartments at Pico Boulevard and Elden Avenue.
- Pico-Union (Urbanize LA)
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