At a ceremony last month, Hollywood Community Housing Corporation broke ground on a mixed-use affordable housing development in the Harvard Heights neighborhood.
The Gramercy Place Apartments, located at 2375 W. Washington Boulevard, replaces a former city parking lot with a four-story building containing 64 one- and two-bedroom apartments, 2,900 square feet of ground-floor retail space, and 63 basement parking spaces.
The nearly $37-million development will cater to seniors making at or below 50 and 60 percent of the area median income levels, with half of the units to be reserved for formerly homeless persons. Rents will range between $545 and $1,197 per month.
Funding for the project includes $22.8 million in tax-exempt bonds - approved earlier this year by the Los Angeles City Council - as well as a $4-million loan from the city's affordable housing trust fund.
Kevin Daly Architects the contemporary low-rise building, which will include a rear-facing courtyard and a rooftop deck.
Completion is anticipated in the first half of 2021.
Hollywood Community Housing Corporation recently broke ground on an 85-unit affordable development in unincorporated West Compton.
- Gramercy Place Apartments (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.