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Alliant Breaks Ground on Quartet of Attainable Housing Projects
Alliant Strategic Development (ASD) has broken ground on four transit-oriented multifamily housing communities in Los Angeles’ San Fernando Valley. Located in Canoga Park, Van Nuys and North Hollywood, the quartet of developments will add more than 700 attainable and affordable rental units to the region.
“The majority of new multifamily developments in Los Angeles are being built for renters at the high end of the economic spectrum,” said ASD Founder and CEO Eddie Lorin. “By being creative, it is possible to deliver brand new Class A product that doesn’t place a severe burden on the working class.”
The developments are being financed with bonds issued by the California Municipal Finance Authority and California Housing Finance Agency. When completed in late 2024 and early 2025, the portfolio of properties will be geared to households at 90% of the Area’s Median Income (AMI), with 144 of the units reserved for those making 50% or less of the AMI.
- ◦Development
