Linc Housing Corp. has developed new affordable housing for renters across Los Angeles County. Now, the Long Beach-based developer is looking to build on the property it currently calls home.
In a filing made in May with the City of Long Beach, Linc proposes to raze and redevelop its offices just north of the 405 Freeway at 3590 Elm Avenue. Plans call for a five-story, approximately 145,000-square-foot building featuring 109 homes, offices, and parking for 69 vehicles.
Per a representative of Linc Housing, the project is intended to serve families earning between 30 and 70 percent of the area median income level.
Linc Housing is funding the project through the Los Angeles County Affordable Housing Solutions Agency, which presented a $39.8-million financing package for the project earlier this year.
“LACAHSA’s investment is a catalyst for the affordable housing Long Beach families desperately need,” said Linc's chief operating officer Suny Lay Chang in a May news release. “We know that when rent consumes the largest share of a family’s budget, every other essential — food, childcare, healthcare, transportation — becomes a daily calculation. This funding changes that equation, and with it, gives families the stability to not just get by, but to truly build their lives here.”
Elsewhere in Long Beach, Linc Housing recently broke ground on a 73-unit affordable housing complex at 4151 E. Fountain Avenue.
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- Long Beach (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
