A plan to convert nearly 200 units at an apartment complex in Marina del Rey to affordable housing for low income families was approved Tuesday by the Los Angeles County Board of Supervisors, more than doubling the number of affordable units in Marina del Rey.
The board approved a 39-year lease extension of the Mariners Village complex at 4600 Via Marina that includes a $100 million renovation of existing units and conversion of 196 units to affordable housing, according to Liz Odendahl, communications director for Supervisor Janice Hahn.
“Skyrocketing rents are driving families and seniors on fixed incomes out of Marina del Rey,” Hahn said.
“With this agreement we are not only approving renovations for the apartments of the nearly 1,000 families in Mariners Village, we are also ensuring that hundreds of families can afford to live there well into the future. This is going to be a model for how we negotiate lease extensions going forward.”
The units will be set aside for residents making less than 50 percent of the area median income, including low-income families and seniors, Odendahl said.
There are 132 units of affordable housing in Marina del Rey and an additional 128 are under construction, Odendahl said.
The renovations will take place over six years and units will be converted to affordable housing as they become vacant and no residents will be forced to leave during renovations, Odendahl said.