close
close

Latest Post

Columbia Watch | News, Weather, Sports, Breaking News Abilene Watch | News, Weather, Sports, Breaking News

The Los Angeles County Board of Supervisors has approved additional funds for a development that the region urgently needs: more affordable housing.

The Board has approved up to $65 million in bond financing for the development of a 120-unit, 79,000-square-foot affordable housing complex. 400 Centinela Avenue in Inglewood, California, according to Urbanizewhich first reported the news.

SEE ALSO: LCOR aims to reactivate a section of the Jersey Waterfront with its Hoboken Connect

The project, called Sankofa Place in Centinelacomes from Shared apartments in Venicea nonprofit developer that owns and operates over 250 housing units in 17 buildings in the greater Los Angeles area. All units in the Sankofa Place project are reserved for households earning between 30 and 80 percent of the local median income.

There are also plans to build an 18,000 square meter community building that will house an interest group. Institute for Social Justice‘s programming center, according to Urbanize. Sankofa Place is being built several blocks west of Name of the cemeteryfinal resting place of celebrities such as Ray Charles, Johnnie Cochrane and Edgar Bergen.

The county’s bond financing is the second round of public funds provided to Venice Community Housing in recent weeks.

Representatives of Venice Community Housing did not immediately respond to a request for comment.

The California Department of Housing and Community Development Last month brought the group $14.7 million for an affordable housing project with 78 residential units, called Apartments on 20th Streetat 1634 20th Street in Santa Monica, California. The award was part of a $185 million grant from the National Housing Trust Fundwhich also funded 17 other projects throughout the Golden State.

You can reach Nick Trombola at [email protected].