At its meeting yesterday, the Los Angeles City Council voted to approve the release of $10.7 million in funding for a new permanent supportive housing development near the border between Koreatown and Harvard Heights.
The proposed project, called McDaniel House, is a joint venture between Decro Corp. and Daylight Community Development. Plans call for razing a pair of single-family homes located at 1043-1049 S. Harvard Boulevard, clearing the way for the construction of a four-story building 47 apartments - including 46 affordable units and one manager's unit.
According to a Housing Department staff report to the Council, a mix of studio, one-, and two-bedroom units, all of which will be priced for households earning no more than 50 percent of the area median income. Half of the apartments will be reserved for chronically homeless households.
Studio One Eleven is designing McDaniel House, which will be composed of steel modular units wrapped in fiber cement siding. In addition to housing, the apartment complex will incorporate a small parking lot, social services offices, a central courtyard, a laundry facility, and other amenities.
The $10.7-million bond financing will contribute to a total project cost of $22 million, which also includes traditional financing and an allocation from Measure HHH. The per-unit cost of the project is estimated at just under $469,000.
- 1043-1049 S Harvard Boulevard (Urbanize LA)