Affordable developer proposes complex in Chatsworth

Affirmed Housing wants to build a 55-unit, 100% affordable project

Los Angeles /
Oct.October 29, 2020 12:10 PM
Affirmed Housing CEO James Silverwood and the development site (Affirmed, Google Maps)
Affirmed Housing CEO James Silverwood and the development site (Affirmed, Google Maps)

Affordable developer Affirmed Housing wants to build a 55-unit apartment building in Chatsworth, what would be its first project in the San Fernando Valley.

The San Diego-based firm filed plans last week to demolish an auto body shop at 10243-10247 North Topanga Canyon Boulevard to make way for the new structure, records show. All but one of the units — likely for an on-site superintendent — will be reserved for low-income tenants.

Plans were filed through a limited liability company controlled by Affirmed Housing CEO James Silverwood, with the address the same as Affirmed’s San Diego office. The company could not be immediately reached for comment.

Affirmed paid $1.5 million for the development site a year ago. It’s not far from a 97-unit apartment complex that sold in late August for $26 million.

Affirmed Housing builds across Southern California with most of its inventory concentrated in San Diego and the surrounding county. It has also developed a handful of properties in the San Francisco Bay area.

The firm develops family-focused and supportive housing, along with those for seniors and veterans. Affirmed has completed four developments in Los Angeles and is currently building another three, according to its website.


Related Articles

arrow_forward_ios
From left: Bob Hope, Dolores Hope and Ron Burkle in front of 10346 Moorpark Street in Toluca Lake (Getty Images, Zillow, iStock)
Ron Burkle lists Bob Hope’s former estate in Toluca Lake
Ron Burkle lists Bob Hope’s former estate in Toluca Lake
Rexford Industrial Realty co-CEOs Howard Schwimmer and Michael Frankel and 13535 Larwin Circle and 7815 Van Nuys Boulevard in Panorama City (Google Maps, Rexford)
Rexford spends $153M on six industrial properties
Rexford spends $153M on six industrial properties
MAG Capital Partners' Andrew Gi with Charlmont Village townhomes, 1625 East G St.,, Ontario (Mag Capital Partners)
Texas investor pays $24M for 55 townhomes in Ontario
Texas investor pays $24M for 55 townhomes in Ontario
Whole Foods' John Mackey with 18700 Ventura Boulevard (Getty, Google Maps)
Amazon.com to close Whole Foods Market in Tarzana
Amazon.com to close Whole Foods Market in Tarzana
Longpoint's Dwight Angelini and 16161 Raymer Street (Longpoint, Google Maps)
Longpoint in priciest deal of year for industrial
Longpoint in priciest deal of year for industrial
6909-6923 North Reseda Boulevard (Google Maps)
Developer plans five-story apartment building in Reseda
Developer plans five-story apartment building in Reseda
14606-14612 West Sylvan Street (Google Maps)
Developer plans five-story apartment in Van Nuys
Developer plans five-story apartment in Van Nuys
San Bernardino (iStock)
Median in San Bernardino County edges close to $500K
Median in San Bernardino County edges close to $500K
arrow_forward_ios

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

Loading...