In a unanimous vote taken last week, the Los Angeles City Council approved nearly $64 million in bond financing for the construction of new affordable and permanent supportive housing in South Los Angeles.
The Manchester Urban Homes, a joint venture from Abode Communities and Neighborhood Housing Services of L.A. County, would rise from a 2.7 acres of land at the northwest corner of 88th Street and Broadway. Plans call for the construction of total of 122 residential units - including a 76-unit apartment building facing Broadway and 46 townhomes at the rear of the site - with street-fronting amenities, retail space, and parking for 69 vehicles.
The apartments would include a mix of one-, two-, and three-bedroom dwellings, ranging from 633 to 1,176 square feet in size, serving households earning up to 60 percent of the Los Angeles area median income.
John V. Mutlow Architects, Inc. is designing the project, which would include a four-story structure facing Broadway and a series of townhomes located in eight two-story buildings to the west.
The funding approved by the City Council includes a roughly $25 million taxable loan and roughly $36 million in tax-exempt bonds. The total of nearly $64 million amounts to the majority of the project's estimated $72 million budget, which translates to a per-unit price tag of $590,400.
Other projects planned nearby in Broadway-Manchester include a mixed-use apartment complex slated for city-owned land at 94th Street and Broadway.
- Manchester Urban Homes (Urbanize LA)