Non-profit developer Hollywood Community Housing Corporation has completed construction of an affordable apartment complex in the East Hollywood neighborhood.

The Coronel, which spans two street frontages at 1601 N. Hobart Boulevard and 1600 N. Serrano Avenue, is highlighted by a four-story building featuring 54 one-, two-, and three-bedroom apartments.  The majority of the apartments are priced for households earning at or below 60 percent of the area median income, with a handful of units reserved for households making at or below 30 percent of the area median income.

Rents at The Coronel will range from $488 to $1,354 per month, according to a staff report to the California Tax Credit Allocation Committee.  The total project budget was approximately $29.9 million.

The project, designed by KFA Architecture, includes the restoration of a 1920s Pueblo-style house as two residential units.  The ground-up component of the project has a contemporary look.

The building includes several environmentally sustainable features including solar thermal water heating, drought-tolerant landscaping, and energy efficient lighting and appliances.  HCHC and KFA have designed the project to achieve Leadership in Energy and Environmental Design (LEED) certification at the Platinum level - the highest distinction awarded by the U.S. Green Building Council.

Located two blocks east of Metro's Hollywood/Western subway station, the project site sits in close proximity to Thai Town - including the new Thai Town Marketplace.

An official opening ceremony for The Coronel is scheduled to occur in August.

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