Earlier this week, nonprofit developers Abode Communities and Mercy Housing California convened in Wilmington to celebrate the groundbreaking of Vista del Mar and Camino del Mar, a new collection of 176 affordable homes.
In addition to housing, the $71 million development will offer 35,000 square feet of open and recreational space, as well as features uch as a computer lab, bicycle parking and on-site social services. The property also is located in close proximity to the Wilmington Waterfront Park.
The projects are considered the fourth and final phase of the Dana Strand Village redevelopment, which has repurposed a 20-acre post-war military housing site. A full buildout of the New Dana Strand, the culmination of a process that began in 2000, will provide housing for approximately 750 people.
Vista del Mar and Camino del Mar were through both public and private sources, including U.S. Bank, low income housing tax credits and tax exempt bonds from the City of Los Angeles.
Completion is expected in 2018.
- Affordable Housing Headed to Wilmington (Urbanize LA)