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.

Image via PATH Ventures
Image via Google Maps

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Mixed-Use Development Planned Near Laguna Niguel Metrolink Station

The project is part of the city's Gateway District.

The Laguna Niguel Planning Commission has approved a mixed-use development near the city's Metrolink Station.  The joint venture between Blackwood Real Estate and Walbern, located near the intersection of Crown Valley Parkway and Forbes Road, will consist of 100 two- and three-bedroom apartments in a seven-story building.  Plans also call for 2,700 square feet of ground-floor retail space, as well as a pool courtyard, a fitness center, a private garden, and a sky deck.