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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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Senior Affordable Housing Opens Near Orange County's Great Park

The two-building development features 157 apartments.
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Developers Related California and FivePoint have opened a new affordable housing complex near Irvine's Great Park.  The project, called Luxaira, features 157 residential units catering to low-income seniors.  It is the second senior affordable development to be built in the Great Park neighborhoods by Related, FivePoint, and collaborator RCC Charitage.  To date, more than 500 affordable housing units have been built around the park in four separate projects.