California Awards Funds for Los Angeles Affordable Housing

The state of California is dishing out nearly $1 billion in grant funding for affordable housing projects across the state, including four different developments in the Los Angeles area.

The California Strategic Growth Council approved $866 million in grant funding, including more than $182 million for efforts in Los Angeles County, Urbanize Los Angeles reported.

Linc Housing Corporation will receive $38.2 million for the Ross Center, a two-building development that will rise on The California Endowment’s headquarters campus at 800 North Main Street in Chinatown. Linc aims to build a seven-story structure with 124 one-, two- and three-bedroom affordable housing units above 24,473 square feet of commercial space and a separate four-story building with 39,000 square feet of commercial space. The commercial space is expected to be occupied by facilities for community care, workforce development, health care services, art therapy, events and retail. The funding also enables the creation of 2.3 miles of new pedestrian and bike paths. Construction could begin as early as 2027.

In downtown Santa Monica, EAH Housing is planning a six-story building with 122 studio, one-, two- and three-bedroom affordable apartments above 20,000 square feet of ground-floor retail at 1318 4th Street. EAH’s project, estimated to cost $123 million, was awarded $50 million. Groundbreaking is planned for sometime in 2027.

East L.A. Community Corporation is looking to redevelop the former Lincoln Hospital site at 443 South Soto Street in Boyle Heights into a new five-story building with 138 one-, two- and three-bedroom affordable apartments above a ground-floor community room and art display area. The California Strategic Growth Council allocated nearly $46.9 million for the project, adding to $5 million that Los Angeles County recently put toward the project. The proposed development is expected to cost about $92.8 million to complete, with no timeline set for construction.

Related California, meanwhile, has broken ground on Alveare Terrace, the first phase of its Alveare endeavor at 1405 Broadway in downtown Los Angeles. When complete, it will include three buildings with more than 300 affordable housing units. The California Strategic Growth Council is awarding about $47.5 million in funding for the project, which will also partially go toward 1 mile of new bikeway nearby. Alveare in total is expected to cost $72 million, though a timeline for completion is unclear.

— Chris Malone Méndez