A new affordable housing project is under construction taking shape and form at 7524 South Hoover Street in the Vermont-Knolls neighborhood in Los Angeles. The project proposal includes the construction of a new five-story building offering residential units at affordable rates.
ELK Development and SoLa Impact are listed as the project developers.
7524 South Hoover Street Site May 2024 via Google Maps
The project replaced a series of commercial buildings on the site. The scope of work includes the construction of a new five-story building offering 79 apartment, available for low-income and moderate-income households.
The project was executed via the Mayor’s Executive Directive 1, as well as density bonus incentives to permit a larger structure than would otherwise be allowed by zoning rules.
Renderings reveal a contemporary low-rise structure. The estimated construction timeline and market availability have not been announced yet.
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