Prolific DTLA affordable housing developer pushes into Van Nuys

Skid Row Housing Trust wants to build a 64-unit rental complex in the neighborhood, adding to its more than two-dozen construction projects in LA

Los Angeles /
Sep.September 09, 2019 02:00 PM
Skid Row Housing Trust CEO Lee Ragas
Skid Row Housing Trust CEO Lee Ragas

A prolific affordable housing developer in Downtown Los Angeles is expanding into Van Nuys, with plans for a 64-unit apartment building.

Skid Row Housing Trust filed plans with the city for the new construction, with all but one of the units set aside for low-income or very low-income tenants, records show. The filing marks the continuation of a recent rise in residential construction in the area as L.A. continues to grapple with a lack of affordable housing.

Skid Row Housing Trust purchased the vacant lot at 14142 to 14154 West Vanowen Street for $3.5 million last September. A call to the organization for comment was not immediately returned.

Since the apartment project will be dedicated exclusively to affordable housing — which kick in for a household earning less than $64,800 a year — the developer has requested a density bonus exceeding 35 percent.

Los Angeles adopted a Density Bonus Ordinance in 2008 to incentivize the creation of affordable housing. It allows developers who include affordable units in their projects to receive benefits, such as reduced parking requirements or the ability to build more units than what is allowed by code.

Among its more than two-dozen projects, Skid Row Housing Trust recently filed to build a 100-unit development called SP7, at 519 East 7th Street.


Related Articles

arrow_forward_ios
Avril Lavigne and the Malibu home (Getty, Realtor)

Avril Lavigne buys Malibu home Scott Gillen rebuilt

Avril Lavigne buys Malibu home Scott Gillen rebuilt
Bret Michaels and the city of Calabasas (Getty)

Something to believe in: Poison’s Bret Michaels returns to Calabasas

Something to believe in: Poison’s Bret Michaels returns to Calabasas
600 The Strand and Cindy Robinson Mullen (Realtor, Tim & Cindy)

Helicopter heiress lists Hermosa Beach home for $23M

Helicopter heiress lists Hermosa Beach home for $23M
Mookie Betts (Credit: Ralph Freso/Getty Images, and Vimeo via Dirt.com)

Mookie Betts follows World Series win with Encino home buy

Mookie Betts follows World Series win with Encino home buy
Khloé Kardashian (Credit: Rodin Eckenroth via Getty Images)

Khloe Kardashian offloads Calabasas manse for record price

Khloe Kardashian offloads Calabasas manse for record price
Justin Bieber and Hailey Baldwin with 1710 Tropical Avenue (Getty, Redfin)

Bieber and Baldwin list Beverly Hills home

Bieber and Baldwin list Beverly Hills home
Kris Jenner and Khloe Kardashian both bought homes in the Hidden Hills (Getty)

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group

Kris Jenner and Khloe Kardashian buy mansions on land once owned by Woodbridge Group
Eva Chow and 133 S Mapleton Drive (Getty, Realtor)

Eva Chow’s supersized Holmby Hills mansion gets another price cut

Eva Chow’s supersized Holmby Hills mansion gets another price cut
arrow_forward_ios

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

Loading...