At its meeting today, the Los Angeles City Council will consider a request from the Housing + Community Investment Department to advance five proposed developments that would bring new affordable housing to Downtown, Hollywood and South Los Angeles.
The projects, which have already been admitted to HCID's Affordable Housing Managed Pipeline, would create 401 rental housing units - including 245 units of permanent supportive housing - at a total cost of $170.5 million. Approval of the request by the City Council would allow HCID to issue letters of support for the five proposed developments, which are pursuing low-income housing tax credits.
SRO Housing Corporation has proposed the construction of a seven-story, $43-million apartment building at 459 S. Hartford Avenue in Westlake, featuring 100 units of permanent supportive housing - including 25 units for the chronically homeless - and one manager's unit. HCID has already committed $14.2 million in funding for the project.
Each apartment will come fully furnished, with communal features such as a courtyard, a roof deck, a laundry facility and 101 parking spaces on two basement levels. The income range for all units will range between 30 and 50 percent of the area median income.
The Florence Mills Apartments, slated for the intersection of Central Avenue and Martin Luther King Jr. Boulevard, would consist of a four-story building featuring 74 one-, two- and three-bedroom apartments above parking for 86 vehicles and 5,000 square feet of commercial space.
Rents in the Florence Mills Apartments would be made affordable to households making between 30 and 50 percent of the area median income.
Metro at Buckingham
The Metro at Buckingham, which is being developed by Meta Housing Corp., would rise from a property at 4018-4030 S. Buckingham Road - a short distance west of the Baldwin Hills Crenshaw Plaza shopping mall.
The five-story building, designed by the Architects Collective, will feature 102 rental units set aside for very low-income and low-income seniors. Plans also call for 60 parking spaces.
Toal development costs are estimated at $37 million.
Skid Row Housing Trust has proposed a seven-story, 99-unit affordable housing complex at 401 E. 7th Street in the Industrial District.
Designed by Koning Eizenberg Architecture, the project calls for the adaptive reuse of an existing warehouse as ground-floor space and the addition of five levels of new construction above.
The $53-million project will offer studio apartments catering to persons making between 30 and 50 percent of the area median income. HCID would provide just under $13 million in funding for the Flor 401 development.
The Los Angeles LGBT Center is already midway through construction at its Anita May Rosenstein Campus, which will feature 235 units of permanent supportive housing in multiple buildings.
The developer has turned to HCID for approximately $5.5 million in funding for one component of the project: a 26-unit building which would provide youth housing.
HCID is also requesting that the City Council approve the release of its revised Affordable Housing Managed Pipeline Regulations, as well as a 2018 call for projects to solicit applications for gap financing and inclusion into the pipeline.