The city of Los Angeles received $156.9 million from the state to support the creation of 466 affordable housing units, the Housing Department announced on Thursday Aug. 31.
The California Strategic Growth Council granted the funds to LAHD under the Affordable Housing and Sustainable Communities Program. It marks the seventh consecutive year that LAHD proposals received AHSC funding, according to a statement from LAHD.
“Thank you to our state partners for awarding the city of Los Angeles this critical funding. These awards will help our city continue to deliver affordable housing in communities across Los Angeles while making sure that our communities are safer for people to get where they need to go,” Mayor Karen Bass said in a statement.
“We will continue to work urgently, across all levels of government, to secure the resources to bring more Angelenos inside and deliver more affordable housing,” she added.
AHSC funds will contribute more than $99.2 million to the production of four affordable housing projects, resulting in 466 affordable units in the neighborhoods of downtown, Koreatown, Crenshaw and Historic South Central.
The money will specifically support the Downtown Women’s Center Campus expansion project in Council District 14, HHH New Hampshire in Council District 10, Crenshaw Crossing in Council District 10 and Peak Plaza Apartments in Council District 9.
According to LAHD, the AHSC Program is intended to reduce greenhouse gas emissions and vehicle-miles traveled by financing “integrated new affordable housing developments and transportation improvement projects near work, retail and other facilities” often used by Angelenos.
A portion of the funds will go to building sidewalks, bike lanes and bus shelters to encourage Angelenos to walk, bike and use public transportation to get to their destinations.
In this seventh round of funding, approximately $22.7 million will be used for infrastructure improvements and transit-related…
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