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.
Work is finishing up at 5245 Santa Monica Boulevard, in East Hollywood. The project, by Petros Tagylan of Taglyan Commercial, will bolster residential and commercial space in the area. The site connects with Virginia Avenue.
A new mixed-use project is on the rise at 220 East Washington Boulevard in South Central, Los Angeles. The project proposal includes the development of a building offering affordable housing and retail spaces. AMCAL Multi-Housing Company is the project developer. VTBS Architects is responsible for the design concepts.
A new affordable housing project is fully framed at 720 West Washington Boulevard in University Park, Los Angeles. The project proposal includes the development of income-restricted apartments near the site of the Pierce Brothers Mortuary built in the 1920s. WPH Holdings LLC is the project applicant. JAG Architects is responsible for the design concepts.
A new residential project will soon be seen at 5863-5879 West 3rd Street in Fairfax, Los Angeles. The project proposal includes the development of an apartment complex. Plans call for the demolition of a couple of commercial buildings and two adjoining surface parking lots on the site. Local real estate firm Conroy Commercial is the project applicant. West Pacifica Design and Harmony Garden are responsible for the design concepts.