L.A. County Supervisors approve $53.7M in funding for affordable housing

At its meeting on March 19, the Los Angeles County Board of Supervisors moved to approve upwards of $53.7 million in new funding for the construction of affordable housing in the City of Alhambra, Historic South-Central, and the unincorporated communities of East Los Angeles and East Compton.

In the first item, the Board adopted a resolution authorizing up to $25 million in bond financing for the construction of the Mariposa on Second apartments at 46 S. 2nd Street in Alhambra.

The project, proposed by American Family Housing, calls for the construction of a new six-story building featuring 50  one- and two-bedroom apartments - including 49 affordable units - priced for households earning between 30 and 50 percent of the area median income level.

Plans also call for on-site offices for property management and service providers, a clubhouse with a computer center, laundry facilities, outdoor gathering space, 1,100 square feet of ground-floor cultural space, and public parking which will be maintained by the City of Alhambra.

The second project, the La Trinidad Senior Apartments from Domus Development, is slated for up to $21.5 million in bond financing.

Plans call for the construction of a five-story, mixed-use building at the corner of Hicks Avenue and 1st Street featuring 66 studio, one-, and two-bedroom dwellings, all of which will serve seniors earning between 30 and 50 percent of the area median income level save for a market-rate manager's unit. The project would replace an existing church and auxiliary building, while integrating a new chapel and church into the L-shaped structure, which would front the surrounding streets with a plaza . Other project elements include 24 parking space, a community room with social services, and a courtyard.

In a third item, the Supervisors authorized financing for two projects from the Coalition for Responsible Community Development.

The first of the two projects, planned at 2300 S. Central Avenue in the City of Los Angeles, would fold the historic Lincoln Theatre into a new development consisting of a four-story building featuring 72 apartments. The County's contribution to the project would be an estimated $5.1 million, which would be coupled with $35.7 million in other sources to cover the estimated $40.8 million price tag of the project.

The second development, slated for an unspecified location in East Compton, would create an additional 72 apartments. The County would provide just over $5.2 million to its construction, contributing to a total project cost of $37 million.

The two projects would feature a combined 144 dwellings, split between units for formerly unhoused residents and low-income households, including veterans and transition age youth.

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

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