Affordable Housing Projects Get Los Angeles County Help

The Los Angeles County Board of Supervisors has signed off on more than $40 million in loans for affordable housing developments across the county.

Overall, the county has approved nearly $43.8 million for affordable housing projects in the cities of Los Angeles, West Hollywood and Whittier, Urbanize Los Angeles reported. The $43.8 million provides a fraction of capital stacks that combine for $562 million. When finished, the developments would provide 687 affordable units for seniors, families and homeless individuals.

New High Village, a proposed development at a county-owned parking lot at 725 North Spring Street in Chinatown, will receive nearly $14 million for two residential components. The county will provide $7.2 million for a 158-unit senior apartment complex, which is expected to cost $101 million total, and $6.6 million for a 146-unit family apartment complex, believed to cost about $142 million. New High Village will also boast 14,000 square feet of commercial space and a public plaza.

In the unincorporated community of Windsor Hills, PATH Ventures is slated to receive $10 million for a new supportive housing complex on a vacant lot at 4615 Slauson Avenue. The proposed PATH Villas Windsor Hills building would rise six stories with 122 studio and one-bedroom apartments above a parking garage. Total development cost is estimated at $87 million.

Near the beach in Venice, Hollywood Community Housing and Venice Community Housing’s Venice Dell project will receive $3 million from L.A. County; that’s on top of the more than $42 million that the state has already committed to the development. Venice Dell will consist of low-rise buildings containing 120 apartments and ground-floor retail on a parking lot at Venice Boulevard and Pacific Avenue.

In West Hollywood, developer Community Corporation of Santa Monica will get $3.6 million for the redevelopment of a property owned by the city of West Hollywood at 1047-1057 North Crescent Heights Boulevard. The effort, expected to cost $34.3 million in total, would result in a five-story building with 40 studio and one-bedroom units for senior residents. The county is also providing Linc Housing with $4.3 million for a new supportive housing complex at 1238 Larrabee Street in West Hollywood. Those plans call for 49 units with an overall estimated cost of $32 million.

In the eastern Los Angeles County municipality of Whittier, National CORE and Prima Development will benefit from $9 million in county funds for its Telegraph Apartments project, helping with the $33.9 million projected budget. The developers are planning for 51 apartments for large families at 14250 Telegraph Road.

The latest funding comes after the California Strategic Growth Council approved $866 million in grant funding for affordable housing across the state late last year. More than $182 million of that will go to four projects efforts in Los Angeles County,

— Chris Malone Méndez