In a vote taken last week, the Los Angeles County Board of Supervisors moved to allocate $1 million in supplemental funding to Excelerate Housing Group for a nearly half-finished affordable housing complex near the Traffic Circle in Long Beach.
The project, called 26 Point 2, is now rising from a corner lot located at 3590 E. Pacific Coast Highway. Per a landing page on general contractor Morley Construction's website, the new five-story building will feature a total of 77 apartments - including 76 low-income units and one market-rate manager's unit.
Terms of the supplemental funding from the County, which adds to $5 million already allocated toward the project, requires that the apartments cater to households earning no more than 30 percent of the area median income level.
Michael Maltzan Architecture is designing the nearly 50,000-square-foot building, which is composed of wood framing atop a concrete base. Besides housing, plans call for a conference room, interview rooms, staff rooms, and offices for onsite supportive services at street level, as well as amenities such as a kitchen, a lounge, a patio, and a rooftop deck. Parking for 18 vehicles will be offered at the ground level.
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California's 2022 state income limits