A coalition of community groups celebrated the start of construction on Oatsie’s Place on Thursday, March 10. The four-story project in Van Nuys will feature 45 apartments, 25 one-bedroom units and 20 studios, for formerly homeless people and survivors of domestic violence.
Decro Corporation Raises $110 Million in investment funding to create new supportive and affordable housing for los angeles residents
Funding will Cover the Cost of Construction of 3 New Affordable Housing Developments: Brine Residential, McDaniel House, and NoHo 5050
The Vanowen Apartments, 11604 Vanowen St., will cost about $21 million to build, with the project expected to be ready for residents in late 2022. It’s the first project developed through the city’s Proposition HHH Housing Innovation Challenge
In a 14-0 vote, the Los Angeles City Council has approved the release of up to $11.25 million in tax-exempt bonds for the construction of a new affordable and permanent supportive housing project in North Hollywood.
Los Angeles County Supervisor Holly Mitchell and City Councilman Joe Buscaino said Friday that a permanent supportive housing complex in Watts that will be constructed with about five dozen decommissioned shipping containers will provide shelter for two dozen formerly homeless people.
Demolition is in progress clearing the way for much needed low-income and supportive housing.
Decro Corporation and their partner Daylight Community Development Corporation, and The People Concern are poised to receive $2.6 million in funding for Watts Works, a proposed permanent supportive housing development in Watts.
Plans call for apartments, a grocery store, and a health clinic.
The Los Angeles City Planning Commission approved a new affordable development with 24 apartments for very-low income residents.
Decro Group wants to build a 97-unit mixed-use development that will now include 70,000 square feet of medical and commercial space instead of the originally proposed 30,000 square feet.