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
Renderings of One Beverly Hills and Beny Alagem. (One Beverly Hills, Getty)
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beny Alagem’s $2B Beverly Hills project gets go-ahead
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
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
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
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
arrow_forward_ios

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

Loading...