L.A. County Supervisors approve up to $140M for new affordable housing

At its meeting on August 6, the Los Angeles County Board of Supervisors approved upwards of $140-million in funding for new affordable housing developments that would bring more than 600 homes to the communities of East Los Angeles, Lincoln Heights, Cudahy, and Inglewood.

The first project, planned just north of Whittier Boulevard in unincorporated East Los Angeles, comes from non-profit developer Hollywood Community Housing Corp.

Dubbed Casa de la Luz, plans call for a total of 95 apartments - including 93 units split between households earning up to 30 and 60 percent of the area median income level - in addition to 60 parking spaces, community rooms, and other common features. On-site services would be provided by The People Concern.

In approving the item, the Board of Supervisors voted to authorize more than $45 million in bond financing for Casa de la Luz, as well as a $7 million loan.

The second proposal, which comes from developer Century Housing Corp., is the first two phases of its Restorative Care Village, which would rise from county-owned land at 1321 and 1381 N. Mission Road in Lincoln Heights.

Proposed plans call for redeveloping approximately 2.3 acres of land with a total of 296 apartments, all reserved for households earning between 30 and 60 percent of the area median income level.

The project has previously been described as an expansion of the L.A. General Medical Center's nearby Restorative Care Village, which provides interim housing and supportive services for unhoused patients discharged from the hospital.

The Board of Supervisors voted to authorize up to $55 million in bond financing for the Restorative Care Village, as well as a $10-million loan to Century Housing Corp.

In Cudahy, the Supervisors also authorized Prima Development to seek up to $60 million in bond financing for a proposed mixed-use senior housing complex at 4610 Santa Ana Street.

Plans call for the construction of a 140-unit apartment complex on what is now a vacant site, with nearly half of the units to be reserved for very low-income senior renters and seniors experiencing homelessness.

When previously approved by the City of Cudahy, the project was envisioned as a five-story structure featuring approximately 20,000 square feet of ground-floor commercial space and a 190-car garage.

Through a separate item, the Supervisors also authorized loans $15.8 million in loans for the project via the county affordable housing trust fund and other sources.

Finally, the Board authorized a more than $5.1 million loan to Venice Community Housing for Sankofa Place at Centinela, a proposed affordable housing development in Inglewood.

The project, a joint venture with the Social Justice Learning Institute, would rise from a property at 400 Centinela Avenue. Plans call for the construction of a 120-unit affordable and supportive housing complex, accompanied by an 18,000-square-foot community service facility that will house the SJLI's programming headquarters.

Though not for a ground-up development, the Board of Supervisors also voted to provide nearly $2 million in gap financing to Excelerate Housing Group for its recently-completed 26 Point 2 affordable housing complex at 3950 Pacific Coast Highway in Long Beach.

According to a staff report, the 77-unit building was completed in December 2023 and is fully occupied as of March 2024, but lacks the rental income revenue to maintain its operational expenses and convert its loan to permanent financing. The developer has also requested additional funds from the City of Long Beach.

Follow us on social media: 

Twitter / Facebook / LinkedIn / Threads / Instagram

Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov

California's 2024 state income limits

Click here for additional affordable housing resources