In a consent calendar vote, the Los Angeles County Board of Supervisors has approved the issuance of $34-million in bonds for the construction of an affordable and permanent supportive housing project in unincorporated East L.A.
The 3rd & Dangler project, named for its location at the intersection of 3rd Street and Dangler Avenue, is being developed by the non-profit homebuilder National CORE. A currently empty half-acre site is poised for the construction of a new four-story edifice featuring 78 studio and one-bedroom apartments above a 39-car garage. Half of the apartments would be set aside for chronically homeless and mentally ill homeless individuals, while the remaining apartments would be reserved as general-purpose affordable housing.
AC Martin is designing the 3rd & Dangler, which is depicted in renderings as a colorful low-rise building overlooking the L Line's street-level tracks along 3rd Street.
According to a December 2020 staff report to the California Tax Credit Allocation Committee, the apartments at 3rd & Dangler will be priced at levels considered affordable to households earning at or below 30 and 60 percent of the Los Angeles area median income. Proposed rents start as low as $591 per month for a studio unit.
The vote by the Board of Supervisors approves the issuance of $22 million in tax-exempt bonds and $12 million in taxable bonds for National CORE's project. The total budget for the project is approximately $44 million, according to the staff report by the State Treasurer's office.
Outside of funding for the project, the California Strategic Growth Council has also awarded $23.8 million for transportation improvements surrounding the 3rd & Dangler site, including the purchase of new electric buses and the installation of bicycle and pedestrian safety infrastructure.
A representative of National CORE previously indicated the organization's expectation to break ground on 3rd & Dangler in the first half of 2021 and complete construction of the apartment complex in roughly two years.
- 3rd & Dangler (Urbanize LA)
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