Within the past three weeks, the City of Los Angeles has looked to advance fifteen affordable and permanent supportive housing projects through the release of state and federal funds. In total, the developers are seeking $390 milllion in funding for projects that would generate more than 1,000 new homes.
La Prensa Libre Apartments
AMCAL Multi-Housing, Inc. is seeking up to $35-million in multifamily housing revenue bonds for the construction of the La Prensa Libre Apartments, slated to rise at the corner of Washington Boulevard and Los Angeles Street in Historic South-Central.
The project's name means "The Free Press," in Spanish, a reference to the property's historic occupant - the Spanish language newspaper La Opinión. Plans call for the construction of a total of 63 apartments - including 62 affordable units and one manager's unit.
AMCAL had previously pursued a larger development featuring more than 100 apartments on the same site.
Hope on Broadway
Aedis Real Estate Group and the Foundation for Affordable Housing have requested nearly $13 million in bond funds for the construction of Hope on Broadway, an affordable project in South Los Angeles.
The project, which would replace a former mortuary at 5130 S. Broadway, calls for the construction of a four-story structure containing 49 apartments - including 48 affordable units.
Hope on Broadway is one of three projects from Aedis that will be built from prefabricated modular units.
The project is also slated for $6.72 million in funding via Proposition HHH supportive housing bond measure.
The four-story edifice, designed by Abode Communities, is slated to offer 48 studio and one-bedroom apartments catering to very low-income seniors.
The proposed 75-unit complex - slated to serve low-income seniors - has a total budget of $43 million.
The project, which would replace three triplexes at 5050 N. Bakman Avenue, calls for the construction of 40 supportive housing units priced for the low- and very low-income levels.
The nearly $20-million development is also slated to receive $8.2 million through Measure HHH and Los Angeles County's No Place Like Home program.
San Diego-based developer Affirmed Housing Group has requested approximately $18.5 million in multifamily housing revenue bonds for the construction of 55-unit supportive housing in South Los Angeles.
The project, called Asante, would rise at 11001 S. Broadway - replacing a small commercial building that is currently home to a church.
Hope on Hyde Park
Hope on Hyde Park, another project from Aedis Real Estate Group, would rise from a property at 6501 S. Crenshaw Boulevard.
Aedis has requested $23.3 million in funding for the project, which would consist of a five-story structure - built from prefabricated modular units - containing 98 units of affordable and supportive housing.
The approximately $40-million development is already slated to receive more than $9 million through Measure HHH.
Bell Creek Apartments
The proposed five-story building would offer 80 apartments set aside for households earning 80 percent or less than the area median income.
The $47.4-million project is already partially funded via $11.2 million from Los Angeles County's No Place Like Home program.
The project, which would replace an auto repair shop and one single-family home, calls for the construction of a four-story edifice containing 49 apartments for very low- and extremely low-income households.
$18.4 million in bond funds are sought for the project.
Domus is already set to receive more than $8 million in Los Angeles County No Place Like Home funds for the Talisa development, which has a total cost of approximately $32.5 million.
Hollywood Community Housing Corporation is is seeking $27.2 million in multifamily housing revenue bonds to construct the Palm Vista apartments, slated for a property at 20116-20128 Sherman Way in Winnetka.
The project, which would replace a small shopping center and its parking lot, calls for the construction of 91 apartments - including 90 affordable housing units.
West Hollywood Community Housing Corp. is seeking $16 million in bond financing for Berendo Sage, a proposed supportive housing complex in the Pico-Union neighborhood. The project, which would rise from a vacant lot at 1035 S. Berendo Street, calls for the construction of a six-story building featuring 42 apartments for homeless and low-income households.
Construction is slated to begin in March 2020, according to the West Hollywood Community Housing Corp. website.
Community Development Partners has requested $21.8 million in multifamily housing revenue bond funds for its Lake House development, slated for a property at 437 S. Westlake Avenue near MacArthur Park.
The proposed 63-unit development, budgeted at $34.2 million, is already set to receive $6.5 million via Measure HHH.
The project, which would replace a City-owned parking lot at 11010 W. Santa Monica Boulevard, calls for the construction of a six-story building featuring 50 apartments - priced for homeless and chronically homeless veterans and seniors - in addition to amenities and supportive services.
Rose Hill Courts
Related California is seeking more than $85 million in federal vouchers for its planned redevelopment of the Rose Hill Courts public housing complex in Montecito Heights.
The existing 100-unit complex is slated to nearly double in size, with current plans calling for the construction of several multi-story buildings containing up to 191 apartments.
All current residents are to be offered the right of return.
Construction is currently expected to begin next year.
Rose Avenue Apartments
Venice Community Housing Corp. is pursuing $10.7 million in Section 8 Project Based Voucher funds for its Rose Avenue Apartments, which would replace the non-profits current headquarters at 718 E. Rose Avenue in Venice.
Plans call for the construction of a four-story edifice containing 34 supportive housing units and parking for 17 vehicles.
VCHC has also sought $13.5 million in multifamily housing revenue bonds for the project.
Interested in finding affordable housing? Visit housing.lacity.org.