A block south of Exposition Park, SRO Housing Corp. and Highridge Costa Development have reached the fifth and final floor at the RISE Apartments, a mixed-use affordable housing development.  

The project, located at 4050 S. Figueroa Street, will offer 57 apartments - including 56 units of permanent supportive housing - priced for persons earning between 30 and 50 percent of the area median income.  The building's ground-floor will be activated with approximately 3,400 square feet of office space.  

Designed by Egan Simon Architecture, the RISE development is slated to offer amenities such as a courtyard, roof terraces, and a community room.  

The project is one of numerous developments funded in part by the $1.2-billion Proposition HHH bond measure, which provides financing for supportive housing across the City of Los Angeles.  

The development is named for RISE Financial Pathways, a non-profit commercial lender which serves low- and moderate-income communities in Los Angeles County.  The organization previously occupied a building at 4050 S. Figueroa Street.

SRO Housing Corp. and Highridge Costa are also behind supportive housing developments planned or under construction in Westlake and elsewhere in South Los Angeles.

Interested in finding affordable housing? Visit housing.lacity.org.