At its meeting on October 14, the Los Angeles County Board of Supervisors approved loans of up to $35 million for the construction of six affordable housing developments in Claremont, the City of Los Angeles, and unincorporated communities.
The County funding will be leveraged with other sources to pay for the six projects, which have a combined budget of more than $341 million. When completed, they are expected to generate a combined 529 homes.
Rendering of the Lucha Reyes apartments from Mariachi PlazaY&M Architects
The County will provide nearly $4.9 million to East L.A. Community Corp. for its Luca Reyes development, which would rise from a Metro-owned property next to Mariachi Plaza Station at 125 N. Bailey Avenue in Boyle Heights. Plans call for the construction of a four-story building featuring 60 studio, one-, two-, and three-bedroom apartments above basement and street-level parking for 42 vehicles.
The total cost of the project is estimated to be $47.8 million.
Northeast cornerY&M Architects
Elsewhere in Boyle Heights, ELACC has secured just over $5 million for a proposed development at 443 S. Soto Street. Slated for the former site of Deutsche Hospital / Lincoln Hospital, the project would consist of a five-story building featuring 138 one-, two-, and three-bedroom apartments above a ground-floor community room and art display area, as well as parking for 90 vehicles.
The anticipated budget for the project is just under $92.8 million.
1st and Townsend
1st and TownsendGoogle Maps
In unincorporated East Los Angeles, Community Housing Works will receive $5.7 million for a new development at 1st Street and Townsend Avenue, a short distance from the E Line's Indiana Station. The $50.8-million project would include 68 apartments.
Rendering of Mercy ClaremontMercy Housing California
Mercy Housing California has been awarded $3.4 million for its Mercy Claremont project, which would rise at 1364 N. Towne Avenue in the City of Claremont. The proposed three-story development, designed by TCA Architects, will reportedly feature 74 apartments.
Mercy Claremont is expected to cost $47.6 million to build.
Saffron CovinaAffirmed Housing
Developer Affirmed Housing will receive nearly $8.4 million for its Saffron Covina project at 19516 E. Cypress Street in unincorporated County territory just outside of Covina city limits. Plans call for a six-story edifice featuring 94 apartments.
The total cost of Saffron Covina is estimated at $52.1 million
Rendering of ElaraAffirmed Housing Group
A second project from Affirmed Housing, the Elara apartments in unincorporated Mayflower Village, will receive just over $8 million in County funding. Plans call for a six-story building with 95 studio, one-, and two-bedroom apartments.
The total budget for the project is just over $50 million.
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Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
