Affordable housing developers, already busy in LA, plan San Pedro project

The firms, LINC Housing and National CORE, have both been active in LA, which has encouraged lower-cost rentals

Los Angeles /
Jan.January 04, 2019 09:00 AM
From left: LINC Housing CEO Rebecca F. Clark, National CORE CEO Steve PonTell and a rendering of the 9th Street Lofts project in San Pedro

San Pedro could get a 91-unit affordable housing development near downtown, seizing on Los Angeles’ willingness to accommodate lower-cost rentals.

LINC Housing and National CORE want to build a mixed-use development at 456 W. 9th Street in the South Bay neighborhood, according to Urbanize. The project, currently called 9th Street Lofts, would be six stories and include 4,900 square feet of commercial space, a 4,000-square-foot community room and parking for 111 vehicles.

Rental units at 9th Street Lofts would be priced for “low-“ and “very-low income” households — at least below 80 percent of Area Median Income.

Affordable housing in L.A. is priced on a sliding scale based on unit and family size. The breakdown of units by bedroom was not provided in planning documents. LINC and National CORE are asking the city to waive the 9-foot side yard required by zoning in order to allow for more units.

In August, L.A. officials selected National CORE as part of a team with Richman Group and Century Housing to redevelop the 21-acre Rancho San Pedro public housing complex.

LINC put forward at least two projects last year — a 100-unit affordable development in Willowbrook and a 160-unit market-rate project in South L.A. Earlier in the year the Department of Housing and Urban Development fined the firm for failing to conduct proper lead paint inspections at a Fresno property. [Urbanize] — Dennis Lynch 


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
Downtown Burbank's Transit Oriented Development Specific Plan (Photo via Downtown Burbank TOD/City of Burbank)
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
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
A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital)
East End Capital to convert cold storage into movie studio
East End Capital to convert cold storage into movie studio
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
(iStock)
LA County is short 500K affordable rental homes
LA County is short 500K affordable rental homes
arrow_forward_ios

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

Loading...