Metro could profit with a nonprofit developer to construct an affordable housing complex next to the Blue Line's 103rd Street/Watts Station, according to this week's agenda of the L.A. County Board of Supervisors.
The properties, which comprise approximately 8.4 acres between 103rd and 108th Streets, are jointly owned by CRA/LA and Metro. Housing Corporation of America, a non-profit builder of low-income apartment communities, has secured $2.8 million for the purchase of the CRA/LA-owned sites, and intends to partner with Metro on a redevelopment the properties. An analysis by Metro has found that up to 290 residential units can be built around the station.
The proposed development was first hinted at by Metro CEO Phil Washington at a meeting of the Board of Directors in late 2017.
Additional details about the project are currently unclear.