The Los Angeles City Council has adopted a resolution that authorizes the sale of $32.6 million in bonds to finance the second phase of the Jordan Downs redevelopment in Watts.

Located at 2060-2390 E. Century Boulevard, the project would consist of 135 residential units - including two apartments for on-site managers.

Total project costs for Phase 1B are estimated as approximately $60 million, or slightly over $400,000 per unit.  Rents will range between $507 and $1,307 per month, per the California State Treasurer's Office.

The full Jordan Downs Master Plan calls for the development of more than 1400 units across the 100-acre site, which originally became low-income housing in the 1950s.  A full buildout will also extend Century Boulevard east through the property to connect with Almeda Street, and also provide new neighborhood-serving businesses such as a grocery store.

Developer Bridge Housing is already nearly one year into construction at Phase 1A of the project, which includes 115 residential units.

Rendering of Jordan Downs 1A. Image via Bridge Housing.

From the Web

Two Affordable Housing Projects Poised for $31 Million in Funding

The projects would create over 90 units reserved for low-income residents.

Earlier this month, the Los Angeles City Council approved $31 million in funding for affordable housing in Westlake and near USC.