In a series of votes yesterday, the Los Angeles City Council approved the issuance of more than $275 million in bonds for the construction of eight affordable housing developments in Central Los Angeles, the South Bay, South Los Angeles, and the Eastside.
The projects, which will create a combined total of 710 residential units, include:
Daylight Community Development is slated to receive up to $13,437,000 in bond financing for the construction of McDaniel House, a proposed 47-unit supportive housing complex in Harvard Heights.
A rendering of the proposed project depicts a contemporary four-story structured located at 1043 S. Harvard Boulevard, where it would replace a pair of single-family homes.
In Mid-City, the Council approved the release of up to $31 million in bonds to Meta Housing Corp. for the construction of the Washington Arts Collective.
The proposed development, which would replace city-owned parking lots at 4600 and 4601 W. Washington Boulevard, calls for the construction of two four-story buildings containing a total of 56 apartments, including one manager's unit, 20 units set aside for formerly homeless families and individuals, and 35 units reserved for low-income families.
A second project from Meta, planned just east of MacArthur Park, is poised to receive approximately $32.8 million in bond financing.
The Westlake 619 apartments, named for their proposed location on a city-owned property at 619 S. Westlake Avenue, would include 78 units of affordable and permanent supportive housing.
The Brine, a proposed development near L.A. County + USC Medical Center in Lincoln Heights, has been approved for the issuance of just over $32 million in bonds.
The project, which is being developed by Culver City-based Decro Corp., calls for the construction of a mixed-use complex at 3000 N. Main Street featuring 97 units of affordable and supporting housing, as well as a market, medical offices, and a clinic.
Togawa Smith Martin is designing the proposed apartment complex, which is named in reference to the former occupant of the development site - the A 1 Eastern Homemade Pickle Company.
In the Central-Alameda neighborhood, the Council has approved the issuance of $49 million in bonds to developer Thomas Safran & Associates for the construction of affordable and supportive housing at 4020 S. Compton Avenue.
The proposed project, called Parkview, calls for the construction of three buildings containing 127 studio, one-, two-, and three-bedroom apartments above parking for 130 vehicles.
1424 Deepwater Avenue
Long Beach-based developer Linc Housing Corp. is now slated to receive up to $19 million in bond funding for the construction of a new supportive housing project in the Wilmington neighborhood.
The project, which would rise from an empty lot at 1424 N. Deepwater Avenue, calls for the construction of a three-story edifice featuring 56 apartments for low-income seniors in addition to parking for 19 vehicles.
Developer Wakeland Housing has been approved for the issuance of $25 million in bonds for the construction of The Wilcox, a proposed housing complex at 4904 Santa Monica Boulevard.
The project, which would rise just west of the Vermont/Santa Monica subway station, calls for the construction of a four-story building containing 62 residential units.
Wakeland has already secured partial funding for The Wilcox through the Los Angeles County No Place Like Home program.
A few blocks from the Wakeland development at Metro's Vermont Santa Monica Station, the Council has approved the release of up to $73 million in bonds for a proposed mixed-use supportive housing complex from Little Tokyo Service Center.
The project, designed by Koning Eizenberg Architecture, will consist of a six-story structure containing 187 residential units and ground-floor commercial space. A plaza surrounding the Metro station is also proposed as part of the development.
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