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.
- 4050 S. Figueroa Street (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.
