Just south of Exposition Park, SRO Housing Corp. and Highridge Costa Development are putting the finishing touches on the RISE apartments, a Measure HHH-funded supportive housing project.
Located at 4050 S. Figueroa Street, the five-story building will include 57 apartments - 56 of which will be deed-restricted for households earning between 30 and 50 percent of the area median income - above approximately 3,400 square feet of ground-floor office space.
Rendering of the RISE apartmentmentsEgan Simon Architecture
Egan Simon Architecture designed the RISE development, which closely resembles renderings produced at the time of the project's groundbreaking in 2018. Plans call for on-site amenities including a courtyard, roof terraces, and a community room.
The project is one of earliest developments funded through the $1.2-billion Proposition HHH bond measure, which provides financing for supportive housing across the City of Los Angeles. The cost of the RISE project was originally estimated at $32 million.
The mixed-use project is named for RISE Financial Pathways, a non-profit commercial lender which serves low- and moderate-income communities in Los Angeles County. The organization previously occupied a small commercial building at 4050 S. Figueroa Street, which was demolished to make way for the apartment complex.
Click here for more information on the RISE apartments.
4050 S Figueroa StreetGoogle Maps
Downtown-based SRO Housing Corp. is currently in the midst of construction of two additional projects that will bring more than 220 apartments for unhoused persons to the Westlake community.
Highridge Costa is currently planning two similar developments for properties on Main Street and Central Avenue in South Los Angeles.
- 4050 S. Figueroa Street (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr
Click here for additional affordable housing resources
