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$83M Awarded to Nonprofits to Build 400 Affordable Homes in LA County: Check Key Projects and Funding Details!

Federal Funds Boost Affordable Homes

Nonprofits Receive $83M to Build 400 Affordable Homes in LA County

According to The Real Deal, six nonprofit developers have been awarded $83 million in federal funds to build more than 400 affordable homes in Los Angeles County. This funding provided by the California Department of Housing and Community Development is part of a larger effort to build 1,284 affordable homes for extremely low-income households across California. The funds come from the National Housing Trust Fund and cover both the 2022-2023 and 2024-2025 funding rounds. In Long Beach Jamboree Housing will receive $23.5 million to build The 101 a five-story building with 52 affordable apartments at 101 East Pacific Coast Highway. This complex will feature one- and two-bedroom units and parking for 20 cars.

The Coalition for Responsible Community Development located in Downtown Los Angeles will get $15.4 million to construct The Garvey. This 75-unit affordable complex will be built at 1434 West Compton Boulevard in Compton. Linc Housing based in Long Beach has been awarded $8 million to build Willowbrook 3. This three-story building will provide 51 affordable apartments at 12611, 12617 and 12625 South Willowbrook Avenue in unincorporated Willowbrook. The building will include a ground-floor community room. A Community of Friends based in Koreatown will receive $17.7 million to build Estrella Azul. This four-story complex will offer 80 affordable apartments at 2201 East 1st Street in Boyle Heights. The beige and white building will replace the Las Palomas Hotel and will include supportive services for residents. Mercy Housing California from San Francisco will get $13.6 million to build a five-story 82-unit affordable complex at 300 Alamitos Avenue in Long Beach. Lastly, Venice Community Housing based locally will receive $14.7 million to build a seven-story building with 78 affordable apartments at 1634 20th Street in Santa Monica. This complex will include parking for 26 cars.

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((PHOTO: The Real Deal)

$83M Federal Grant to Build 400 Affordable Homes in LA County, Addressing Housing Crisis

Furthermore, these projects aim to provide much-needed affordable housing in Los Angeles County. They are part of a broader initiative to address the housing crisis in California by providing safe and affordable homes for extremely low-income households. With these new developments more families will have access to stable housing which is a crucial step in improving their quality of life.

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