A proposed affordable housing complex from the Coalition for Responsible Community Development is poised to receive $20 million in bond financing, according to a motion introduced last week by City Councilmember Curren Price.
The project, called Marcella Gardens, would rise at the northeast corner of 68th and Main Streets in the Florence neighborhood, replacing a commercial building. Plans call for a four-story edifice featuring 60 apartments - including 59 affordable units and one manager's unit.
In according with the City of Los Angeles' bond policies, the Coalition for Responsible Community Development has agreed to pay prevailing wages for construction labor working on the project.
The Coalition is planning a second development on an adjacent property at the corner of 67th and Main which would feature 52 apartments. The developer is seeking $16.2 million in multifamily housing revenue bonds for that project.
Both developments would serve transition aged youth, homeless adults, veterans, and chronically homeless persons. They would include ancillary features such as a child care center, cafes, case management offices, fitness centers, outdoor courtyards, lap pools, resident lounges, community rooms, and 64 parking spaces.
The Coalition recently broke ground on another permanent supportive housing development one block away at 69th and Main.
- 112 Affordable Units Planned for South L.A. Property (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.