At its meetings on September 15, the Los Angeles County Board of Supervisors voted to approve the release of more than $100 million in tax-exempt bonds for the construction of permanent supportive housing projects in the San Fernando Valley and unincorporated East Los Angeles
In two separate actions, the Board supported the issuance of up to $80 million in bond funding for the two phases of the Corazon del Valle apartments in Panorama City.
The project, which is being developed by Clifford Beers Housing, would replace Department of Public Social Services facility at 14545 Lanark Street with a series of multi-story buildings featuring 180 subsidized low-income apartments, 3,000 square feet of ground-floor commercial space, and parking.
The five-story complex, designed by Perkins and Will, is slated to be built in two phase consisting of 90 apartments. Construction of the initial phase was most recently scheduled to begin in 2021.
The bond funding approved by the Supervisors supplements $14 million already allocated to the project via the County's affordable housing trust fund.
The second project - the 3rd and Dangler apartments - would rise at the intersection of the same name in unincorporated East Los Angeles.
The vote by the Board of Supervisors approved the release of up to $25 million in bonds for the proposed development, which comes from the non-profit organization National CORE. Plans call for a four-story building featuring 78 supportive housing units with on-site services and a 39-car garage.
Togawa Smith Martin is designed the proposed development, which is poised to break ground in March 2021 and open in March 2023.
- Corazon del Valle (Urbanize LA)
- 3rd & Dangler (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org
