Arctaris Impact Investors, LLC and Housing Diversity Corporation (HDC) announced the opening of Liv DTLA, an eight-story, 227-unit affordable housing development designed to address Los Angeles’ severe housing shortage. The project was co-sponsored and developed by HDC, while Arctaris Impact provided critical project funding. 

The privately funded, all-studio housing project, located in an Opportunity Zone at 1411 S. Flower St., is positioned near the Los Angeles Convention Center and Pico Metro Station on the A and E Lines. Through a five-year master lease with the Los Angeles Homeless Services Authority, the building will provide permanent supportive housing with wraparound services by The People Concern. Reportedly it is the county’s largest master-leased housing development.

“The innovative master lease structure with LA County allows developers to house low-income families without relying on federal subsidies, while also completing the project more efficiently than other affordable housing options,” said Nihar Sait, managing director and head of real estate at Arctaris.

March 20, 2025: Register to attend the 9^th annual Connect Orange County coming up on Thursday, March 20^th, and join the region’s most active investors, owners, developers, dealmakers, managers, brokers, lenders, and more at the Hyatt Regency Irvine. Learn more, get involved, and register at: www.ConnectOC2025.com