A notice issued last week by the City of Los Angeles indicates that plans for a proposed affordable housing development at 76th Street and Vermont Avenue is inching closer to reality.
Later this month, the Housing and Community Investment Department will submit a request to the U.S. Department of Housing and Urban Development for the release of $1.7 million in Home Investment Partnership Program funds to finance a proposed apartment complex from EAH Housing. The project, called the Pointe on Vermont, would replace a single-story retail building and a single-family home with a four-story apartment building featuring 50 studio, one-, two- and three-bedroom apartments with ground-floor retail space, a 26-car parking garage, and other amenities such as a recording studio.
FSY Architects is designing the Pointe, which is portrayed in a rendering as a contemporary low-rise building.
The $21-million project will dedicate approximately half of its units as housing for low-income households, while setting the other half aside as permanent supportive housing. In addition to federal dollars, EAH is also funding the project with Measure HHH money.
Construction is expected to occur over approximately 18 months, although a start date has not been set. The Pointe was previously slated to break ground in January 2018.
EAH has also announced plans to construct a similar affordable development in Santa Monica.
Source: Urbanize LA