On June 12, the LA City Council and Mayor Eric Garcetti approved the issuance of $21.7 million in tax-exempt bonds to finance the construction of Firmin Court, 63 units of affordable housing in the Westlake area of Los Angeles.
The 2019 greater Los Angeles homeless count shows the number of people living on the streets, in vehicles and in shelters increased by about 12% over last year. The annual count puts the number of homeless people just shy of 59,000 countywide. Within the city of Los Angles, the number soared to more than 36,000, […]
Decro Corporation Closes Nearly $13 Million in Predevelopment Financing for a Transformative Lincoln Heights Redevelopment Project
LOS ANGELES (April 11, 2019) — The Brine, a Decro Corporation development created to bring affordable housing, healthy food choices, and medical and mental health services to Lincoln Heights, achieved a major milestone with the closing of nearly $13 million in combined predevelopment financing from both the New Generation Fund, a partnership of the City […]
Decro Corporation and Innovative Housing Opportunities Receive Prop HHH Permanent Supportive Housing Loan Commitment for Firmin Court
Decro Corporation and Innovative Housing Opportunities (IHO) have been awarded one of the first of 20 funding commitments from the City of Los Angeles’ Proposition HHH Permanent Supportive Housing Loan Program for Firmin Court, a 64 -unit affordable housing development in Los Angeles with 42 permanent supportive housing (PSH) units.
Decro Corporation announced today that Laura Vandeweghe joined the nonprofit organization as Director of Housing and Community Development. Based out of Culver City, she will work directly with Decro’s Chief Executive Officer on the development and financing of a transformative, mixed-use, mixed-income development in Los Angeles with 50,000 square feet of commercial space and approximately 200 multifamily housing units.
Tens of millions of hard-working Americans can’t afford their homes and Los Angeles’ homeless crisis is a national disgrace. More than 5,000 of the county’s 580,000 homeless people are children and more than 4,000 are elderly.