Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Apartments  | 
LA County Receives $196M in Funding for Affordable Projects

LA County Receives $196M in Funding for Affordable Projects

California Governor Gavin Newsom has announced $825 million in funding for new affordable and permanent supportive housing developments in the state, earmarked for 58 communities and a total of nearly 10,000 new residences. 

Los Angeles Mayor Karen Bass said that the city and county of Los Angeles will get a hefty portion of that funding, to the tune of $196 million, and the money will go towards 27 projects in the region. Here’s a list of the developments that will see the most money, according to Urbanize Los Angeles:

  • LA Family Housing will receive $23.9 million in funding for The Pano, a motel conversion on N Sepulveda Boulevard in Panorama City that will become 91 homes.
  • Core Affordable Housing has secured $21.8 million for a new supportive housing project at the VA Campus at Macarthur Field B, that will provide 75 apartments for veterans.
  • Flyaway Homes and Holos Communities are slated to receive $13.8 million in funds for 828 Anaheim St., a modular 50-unit apartment building in Wilmington.
  • Abode Communities, Mercy Housing and LA Family Housing will get $13.7 in funding for 21300 Devonshire (pictured), a four-story, 99-unit development in Chatsworth.
  • Another 40-unit project from Flyaway Homes and Holos Communities in Wilmington on Lagoon Avenue will receive $11.3 million.
Connect

Inside The Story

LA Family HousingFlyaway HomesHolos CommunitiesAbode CommunitiesMercy Housing

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
New call-to-action
New call-to-action