Nonprofit groups plan 110 affordable units in Sun Valley
City to request $3M in federal funds for $54M project
Two nonprofit groups are planning an affordable housing complex with 110 units in the Sun Valley area of the San Fernando Valley.
Meta Housing Corporation and Western Community Housing are planning to demolish three existing structures with a total of 18 units at 11050 W. Arminta Street to make way for a four-story building with 45 permanent supportive units and 65 units for low-income households.
The Arminta Square Apartments will also include almost 22,600 square feet for social services office space, a community room, a gym, and common areas. Y&M Architects is designing the project.
On Wednesday, the L.A. Housing & Community Investment Department is expected to authorize the city’s housing authority to request more than $3.19 million in Section 8 voucher funds from the U.S. Department of Housing and Urban Development. The project’s cost is estimated to be $53.6 million, according to reports.
The complex has been in the works since plans were first submitted in 2009. Meta Housing Corporation purchased the property last May for $8.3 million from the original project applicant, an individual named Kurken Alyanakian, who was planning a $19.7-million project.
The Sun Valley area is expecting to see more multi-family development soon. Among the new projects are Hankey Investment Company’s 432-unit mixed-use project called “Lankershim Crossing,” which will have 40,000 square feet of retail and community space.
Meta Housing is planning affordable redevelopments throughout Los Angeles, including a 55-unit project in the Mid-City area; an affordable housing project in Carson intended for artists, which is also being designed by Y&M Architects; and a 103-unit project in Baldwin Hills for seniors and low-income renters.