South Los Angeles receives $35M for more affordable housing

The grant will go toward 1,400-unit "urban village" in Watts

Los Angeles /
Jan.January 31, 2018 02:00 PM
Aerial view of Jordan Downs (Credit: Bridge Housing)

California awarded $35 million to fund affordable housing and recreational parks in South Los Angeles’ Watts neighborhood, the latest effort to improve the long-struggling area.

A portion of the funding will go toward redeveloping the Jordan Downs public housing project at 9800 South Grape Street, Mayor Eric Garcetti said in a statement announcing the funds.

Roughly 115 new apartments are already being built as part of the first phase of redevelopment. That has a scheduled completion date of late 2018. The second phase, which the mayor recommended to the LA Housing Community Investment Department in October, will begin late spring.

Once completed, a mixed-income “urban village” with up to 1,400 units, recreational centers, nine acres of green space and 165,000 square feet of retail will rise on the once-contaminated site. 

It is unclear how much money will go toward the redevelopment.

Federal Cap-and-Trade money will be used to pay for energy-efficient retrofits, solar panel installations, new parks, food waste prevention program and 10 new electric buses.


Related Articles

arrow_forward_ios
The State Building and Construction Trades Council president Robbie Hunter (CA Building Trades, iStock)
State could require union labor on all affordable housing projects
State could require union labor on all affordable housing projects
A rendering of La Veranda (Abode Communities)
Affordable projects in Boyle Heights and Winnetka get LA city bond financing
Affordable projects in Boyle Heights and Winnetka get LA city bond financing
Residences at Westgate, The Hudson and Waterford co-founder John Drachman (Waterford Property Company, the CSCDA)
Waterford Property pays $335M for 2 Pasadena rental complexes
Waterford Property pays $335M for 2 Pasadena rental complexes
Superintendent Austin Beutner with Normont Elementary School (LAUSD)
LA Unified School District explores affordable housing development for employees
LA Unified School District explores affordable housing development for employees
(iStock)
LA County is short 500K affordable rental homes
LA County is short 500K affordable rental homes
(Azure Development, Weingart Center)
Weingart Center’s latest affordable complex snags bond funding
Weingart Center’s latest affordable complex snags bond funding
Google CEO Sundar Pichai and renderings of the project (Getty, Google)
Google gets go-ahead to build mega-campus
Google gets go-ahead to build mega-campus
California Governor Gavin Newsom. (Getty)
California to speed up environmental reviews for resi projects
California to speed up environmental reviews for resi projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...