Abode Communities won a $37.9 million grant to build 81 affordable housing units for homeless residents in Harbor City.
The not-for-profit developer in downtown Los Angeles received funding from the city to build the apartment complex at 25820 Southwest Boulevard, Reported by Urbanize Los Angeles. It will replace single storey commercial buildings.
Funding for the project, called Western Landing, consists of $23.9 million in tax-exempt multifamily pipeline income bonds and $14 million in taxable bonds. It will supplement $8.3 million in Measure HHH funding for supportive housing approved by voters in 2016.
In February, the country also took action $1.5 million Help pay for $825 million in the project, financing 58 affordable housing units across the state for nearly 10,000 apartments
Plans for a four-story supportive housing complex of prefabricated modular units south of Pacific Coast Highway include 81 studios — 80 of which will be 300-square-foot studios for residents and two for managers. Bedroom unit. The parking lot can accommodate eight cars.
Western Landing will include a courtyard and a laundry facility, a community room, a computer room and on-site offices for employees and service providers
The complex cost $49.6 million, or just over $613,000 per unit, according to a report from the Los Angeles City Department of Housing, a high cost attributed to the property’s high interest rates and relocation costs for commercial tenants.
Abode Communities develops other affordable projects in South Bay, including renovation Dana Strand Public Housing Complex in Wilmington and modular Beacon Landing Apartments According to Urbanize, in San Pedro.
Other Abode modular projects proposed to be funded through Measure HHH light green and chatsworth.
In September, Abode broke ground to transform three century-old medical laboratory and clinic buildings in Glendale into 40 units of affordable housing for seniors.
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In May, Abode Communities partnered with AvalonBay Communities to present construction plans 1,200 apartments – a quarter of which are affordable – at the former Marine Corps Air Station in Tustin.Additionally, it is building a 90-unit supportive housing complex for homeless and disabled residents in San Pedro.
Abode and AvalonBay selected for redevelopment in 2021 8-acre West Los Angeles Civic Center The site, a sprawling mixed-use project, will include residences, offices, shops and restaurants.
— Dana Bartholomew
