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

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

Actor Charlie Sheen and his mansion at 14003 Aubrey Road in Mulholland Estates (Credit: Getty Images and via LAT)

Charlie Sheen takes a loss on Mulholland Estates party pad

Michelle Pfeiffer, Jim Crane and the home (Credit: Getty Images and Zillow)

Move over Ellen: Michelle Pfeiffer is latest celeb RE player

Mohamed Hadid and the mansion (Credit: Getty Images, iStock, and Mega via TMZ)

Judge puts Hadid’s Bel Air mansion on demolition fast-track

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino