An affordable housing complex catering to families and chronically homeless veterans is now rising in the Montecito Heights neighborhood of Northeast Los Angeles.

The $20-million project, known as the Marmion Way Apartments, is being developed by Palm Communities, an Irvine-based firm which specializes in affordable housing.  The four-story building is replacing a .7-acre lot which adjoins the Gold Line's Heritage Square Station.

According to a staff report from the California State Treasurer's Office, the project will offer 48 one-, two- and three-bedroom apartments reserved for families and individuals making between 30% and 60% of the Los Angles Median Household Income.  Rents in the Marmion Way Apartments would range from as little as $458 for a one-bedroom unit to a maximum of $1,272 for a three-bedroom unit.

Architectural renderings depict the project as a typical apartment block, featuring a pitched roof and exterior balconies.

Construction of the apartments began in May 2015, but a precise completion date is currently unknown.

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Senior Affordable Housing Coming to Santa Monica

Three-story development planned on 14th Street.

The Community Corporation of Santa Monica is pursuing the development of a new senior affordable housing complex just south of the 10 Freeway.

The proposed three-story edifice, slated for a 15,000-square-foot site at 1820 14th Street, would replace a series of smaller commercial buildings with 39 apartments reserved for low-income seniors.  Plans also call for a ground-floor community room, a laundry facility, a library, and one level of underground p