Los Angeles has received $10.5 million in badly needed affordable housing grants for nine projects in the city, officials announced Tuesday.
The local money is part of $65.9 million in Affordable Housing Program grants awarded to 70 housing developments that will produce over 6,000 affordable units in Arizona, California, Nevada, and other states.
The grants are being provided through the Federal Home Loan Bank of San Francisco, which sets aside 10 percent of its earnings each year to fund the AHP.
“It’s fantastic to see the City of Los Angeles receive millions of dollars in funding toward building more affordable housing,” said Rep. Jimmy Gomez, whose 34th Congressional District will house six of the nine projects. “It’s no secret that our city is facing a host of pressing housing challenges, and every unit we build will make a real difference in the life of someone in our community. As a member of Congress, I’ll continue to support efforts that help put a roof over the head of every Angeleno, particularly the most vulnerable among us.”
The following projects are funded for Gomez’s district:
— 433 Vermont Apartments ($816,500 AHP grant) will transform a half-acre vacant lot in the Wilshire Center neighborhood into a four-story mixed-use property with 72 units for low-income and formerly homeless seniors and will include a YMCA facility open to the community;
— Adams Terrace ($2 million AHP grant) will create 86 new units for low-income and formerly homeless seniors in the West Adams neighborhood of Los Angeles, with case management and mental health services provided by the St. Joseph’s Center.
— Gramercy Place Apartments ($930,000 AHP grant) will provide 64 new supportive housing units for adults aged 55 and older, with 31 units targeted to formerly homeless individuals;
— LAMP Lodge ($810,000 AHP grant) will offer 82 new studio and one-bedroom units for low-income individuals who are formerly or have special needs, with the L.A. Department of Health Services providing rental subsidies and intensive case management services;
— SP7 ($1.1 million AHP grant) will develop two neighboring sites in downtown Los Angeles, one with 81 newly-constructed units and the other with 19 rehabilitated units to provide permanent supportive housing for very low-income individuals experiencing homelessness and/or with special needs;
— Westmore Linden ($1,420,000 AHP grant) will construct a new 93-unit affordable housing project for seniors, with 15 units reserved for homeless seniors who are clients of the Los Angeles County Department of Mental Health.
In Rep. Nate Barragan’s 44th District, the two projects receiving AHP funding are:
— Jordan Downs Phase 1A ($1.2 million AHP grant) will transform a distressed public housing project into 12 two-story and three-story garden-style buildings with a total of 115 units serving low-income families;
— Willowbrook 2 ($990,000 AHP grant) will create 100 new units to provide permanent supportive housing serving low-income and homeless individuals who are frequent users of the Los Angeles County Department of Health Services.
“These projects will help people struggling with homelessness by providing them with stable, safe homes,” Barragan said. “The key though will be the wraparound services to help these fellow Angelenos put their lives back on track.”
The final project, in the 40th Congressional District, is a $1.2 million AHP grant awarded to Residences on Main, a new 50-unit permanent supportive housing development for homeless families and chronically homeless transition-age youth.
“The housing crisis in Los Angeles County has reached epic proportions, with lower income families finding themselves priced out of our costly real estate market,” said Rep. Roybal-Allard of the 40th District. “Many chronically homeless people need more than just a roof over their heads, they require supportive services to help them transition into a stable housing situation. I’m happy to see that the FHLBank San Francisco has awarded Affordable Housing Program funding to bring 50 new units of permanent supportive housing to my district to help families and chronically homeless transition-aged youth move out of homelessness and build independent, healthy lives.”