LA’s affordable housing push continues with 2 projects up for approval

LINC and AMCAL affordable developers want to build 200 units total in Willowbrook, Florence-Firestone

Los Angeles /
Jul.July 10, 2018 08:13 AM
Rendering of the Florence Apartments (Credit: LA County Board of Supervisors)

The need for more affordable housing in the Los Angeles area has been at the forefront of discussion for months, and two of the most active developers of lower-cost apartments are nearing approval for two new projects.

LINC Housing Corporation and AMCAL Multi-Housing Company are awaiting a Tuesday vote by the city L.A. County Board of Supervisors for their proposed affordable developments in Willowbrook and Florence-Firestone, according to Urbanize.

Rendering of Willowbrook 2 (Credit: LA County Board of Supervisors)

LINC wants to build a five-story, 100-unit apartment at 1854 E. 118th Street in Willowbrook. AMCAL has plans to construct a five-story, 109-unit affordable project at 1600-1616 E. Florence Avenue, according to Urbanize. AMCAL’s project, called Florence Apartments, is at the site of the Florence Library, a county library.

LINC is seeking $29 million in housing bonds for the project, which is aimed at households making between 30 and 60 percent of the area median income. It will include include one- to three-bedroom units.

It’s LINC’s first project up for approval in the L.A. area since the federal Department of Housing and Urban Development fined the firm last month for failing to conduct lead paint risk assessments at a property in Fresno.

Agoura Hills-based AMCAL, meanwhile, is seeking $26 million in bonds for its project, meant for low-income and very low-income seniors. It will include one- and two-bedroom units, along with a 10,000-square-foot replacement for the library.

AMCAL is also is in the approvals process for a 109-unit project at an industrial site in Downtown and has asked the city for a zoning change to allow the five-story project to rise.

Neither project up for approval Tuesday is within city limits, which would have opened them up for incentives for building affordable housing. The program requires developers to use union labor on the affordable projects that some developers, including AMCAL’s president Arjun Nagarkatti, said makes it more difficult to build.  [Urbanize] — Dennis Lynch 


Related Articles

arrow_forward_ios
Ben Shaoul and 1457 North Main Street (Getty, LoopNet)
NYC developer Ben Shaoul eyes 376-unit resi complex near L.A.’s Chinatown
NYC developer Ben Shaoul eyes 376-unit resi complex near L.A.’s Chinatown
BH Properties' Andrew Van Tuyle and 601 Potrero Grande Drive (Google Maps, BH Properties)
Distressed asset specialist buys Monterey Park campus from Blue Shield
Distressed asset specialist buys Monterey Park campus from Blue Shield
Cushman & Wakefield’s Dan Broderick, Phil Brodkin; and (formerly) Cresa’s Matthew Miller (Cushman & Wakefield, Cresa)
Cushman & Wakefield buys three Cresa offices in LA
Cushman & Wakefield buys three Cresa offices in LA
San Bernardino Mayor John Valdivia with Carousel Mall (City of San Bernardino, Google Maps)
Mayor wants stake in heart of San Bernardino zombie mall
Mayor wants stake in heart of San Bernardino zombie mall
Harry Sidhu, Mayor of Anaheim (Getty Images)
Feds probe Anaheim mayor over Angel Stadium sale
Feds probe Anaheim mayor over Angel Stadium sale
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
Colton Mayor Frank J. Navarro (City of Colton, California)
Colton to extend moratorium on distribution warehouses
Colton to extend moratorium on distribution warehouses
Red Mountain Retail Group's Michael H. Mugel with 11901-12089 Central Ave (Red Mountain, Newmark, iStock)
Red Mountain goes shopping for retail in Inland Empire
Red Mountain goes shopping for retail in Inland Empire
arrow_forward_ios

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

Loading...