The project, which is being developed by East L.A. Community Corporation (ELACC), is located at the northwest corner of 1st Street and Rowan Avenue. Plans call for a four-story edifice featuring 61 apartments above 10,000 square feet of ground-floor commercial space.
The one-, two- and three-bedroom apartments will be set aside for homeless veterans and low-income families. Rents will range from $545 to $1,260 per month, according to a staff report to the California Tax Credit Allocation Committee.
Birba Group Architects is designing the Spanish Colonial Revival style building, which will greet the corner of 1st and Rowan with a pedestrian plaza.
The project budget is estimated at approximately $40 million.
ELACC has developed numerous affordable and supportive housing projects in Los Angeles County, including a new project catering to veterans in the El Sereno neighborhood.