At its meeting yesterday, the Los Angeles City Council voted to adopt a resolution initiating the release up to $22.8 million in multifamily housing revenue bonds for the construction of a new permanent supportive housing development at the border between Central-Alameda and Historic South-Central.

2016 S Central AvenueGoogle Maps

The proposed project, which is being developed by Highridge Costa, would rise from a currently vacant lot located at 2106-2122 S. Central Avenue, a short walk south from 21st Street. Plans call for the construction of a five-story building containing 57 studio and one-bedroom apartments with parking for seven on-site staff members.

Egan Simon Architecture is designing the project, which would include balconies, a street-level recreation room, and a podium-level outdoor deck.

The bond revenue, approval of which will require a later vote of the City Council, would supplement Measure HHH funds allocated to the project in 2019. At the time, the overall cost of 2106 Central was estimated at $30.2 million. Highridge Costa acquired the land for approximately $3.3 million in late 2019, per city records.

2106-2122 S Central AvenueGoogle Maps

Highridge Costa, which is based out of Gardena, recently completed work on another Measure HHH-funded affordable housing complex near Exposition Park, and has received approvals for another project on Main Street.