At a meeting last week, the L.A. County Affordable Housing Solutions Agency approved more than $100-million in funding that will go toward projects that either build or preserve more than 500 affordable homes across the region.
The money, which comes from sales tax revenue approved by Los Angeles County voters through Measure A, will go toward 10 different projects, the bulk of which are located within the City of Los Angeles.
Among the awardees were three projects proposing ground-up construction.
Rendering of Casa de MariachiFSY Architects
The Casa de Mariachi Apartments, proposed by the Coalition for Responsible Community Development, was awarded a $1-million pre-developing loan. CRCD will use that funding toward the construction of new affordable housing at 131-135 S. Boyle Avenue in Boyle Heights. The project, named for nearby Mariachi Plaza, envisions the construction of a seven-story building featuring 90 studio, one-, and two-bedroom apartments.
FSY Architects is designing the project, which is expected to cost $82.8 million.
Diagram showing the Yolanda ProjectNEW Economics for Women
The second ground-up development, proposed by NEW Economics for Women, would rise at 18704 Sherman Way in the Reseda neighborhood. Plans call for the construction of a low-rise structure containing 80 one-, two-, and three-bedroom apartments reserved for renters earning between 30 and 50 percent of the area median income level.
The total estimated cost of the project is $69.4 million, while LACAHSA awarded a $1-million predevelopment loan toward that effort.
Rendering of the Fountain ApartmentsAaron Brume & Associates
The third ground-up project, which comes from The People Concern's TPC Homes, is slated for a site at 6575 Fountain Avenue in Hollywood. Plans call for the construction of a five-story building featuring 37 studio and one-bedroom apartments reserved for renters earning at or below 30 and 50 percent of the area median income level.
Aaron Brumer & Associates is designing the low-rise building.
The project is expected to cost $21 million, and was awarded $11.5 million from LACAHSA.
The remaining seven projects all involve the conversion of existing market-rate buildings or hotels into affordable housing, including:
- 19200 Harborgate from Bold Communities - the conversion of a hotel in Harbor Gateway into 122 homes;
- 24940 Pico Canyon by Bold Communities - the conversion of a hotel in Stevenson Ranch into 104 homes;
- 36th Street and Broadway - a rehabilitation of an existing 27-unit apartment building by Little Tokyo Service Center;
- PATH Villas Normandie - the conversion of a shuttered hotel at 186th and Normandie in Harbor Gateway into 40 homes;
- Drew Street Apartments - Conversion by Self-Help Ventures Fund of existing apartment buildings at 3407 and 3411 Drew Street in Glassell Park into 31 affordable homes;
- Sierra Vista Apartments; a second project from TPC Homes would transform an existing building at 5407 Sierra Vista Avenue in Hollywood into 30 affordable homes;
- Encanto - a project from Wakeland Housing and Development Corp., the proposal calls for converting an existing building at 119-121 S. Alma Avenue in East Los Angeles into five affordable homes.
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Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
