$40M Awarded For Affordable Housing At 4020 South Compton Avenue, Central Alameda, Los Angeles
Recently, Governor Gavin Newson awarded $40 million in funds for affordable housing proposed at 4020 South Compton Avenue in Central Alameda, Los Angeles. More than $923 million has been awarded through the California Housing Accelerator, which offers bridge funding for shovel-ready developments that have been unable to secure financing due to a shortage of federal tax credits and bonds. And while more than 95 percent of that money was directed to jurisdictions outside of Los Angeles County, it wasn’t a complete shut-out.