The initial stages of one of the largest permanent supportive housing developments in Los Angeles could be moving forward with bond financing, following votes taken last week by the City Council.
In a 15-0 decision, the Council moved last week to approve the issuance of up to $35 million in tax-exempt bonds for the construction of Enlightenment Plaza, which would rise from a roughly 2.6-acre site located just east of Metro's Vermont/Beverly Station. The project's developer, Flexible PSH Solutions, Inc., has secured entitlements for the construction of multiple eight-story structures containing a total of 454 studio, one-, and two-bedroom apartments.
All of the proposed housing would cater to formerly homeless persons, with rents set at rates deemed affordable for low-, very low-, and extremely low-income households.
KFA Architecture is designing Enlightenment Plaza, which would situate its new buildings around a new central green space with pedestrian access from Oakwood, Madison, and Juanita Avenues. The low-rise structures would each include rooftop decks and case management services.
Construction of Enlightenment Plaza is expected to occur over roughly 24 months. An exact schedule has not been announced.
The funding approved last week by the City Council is earmarked for the construction of Montesquieu Manor and the Rousseau Residences, two buildings which would contain 52 apartments each. Flexible PSH Solutions has already secured more than $10 million in funding for the project.
The development site sits directly west of PATH's recently-completed Metro Villas campus, which will eventually contain 187 units of permanent supportive housing as well as on-site services.
- Enlightenment Plaza (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr
California's 2021 state income limits