Affordable Housing And Park To Replace Old Industrial Buildings

The LA City Council just cleared the way for a project that could bring seven acres of affordable housing and park space to South LA.

The motion was unanimously approved last Tuesday to tear down some industrial buildings at 5867 South Los Angeles St. to build the "Slauson and Wall Green Space and Affordable Housing Project," Curbed Los Angeles reports.

The project has been planned since the Community Redevelopment Agency of LA first bought the property seven years ago. An arrangement was made at the time to develop the site, along with TRUST South LA and Abode Communities, into three acres of affordable housing and a four-acre park.

The 120-unit housing project could take five years to build.

City council voted last month for $4.1M to be used to pay for its first phase. The cost includes cleaning up asbestos and lead on the site.

Continue reading this story with a free account

Log in or register
Related Topics: LA affordable housing , South LA
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Bottoms Wins Georgia Governor's Race With Pledge To Boost Affordable Housing

Big Money Bets On SoCal Industrial As 2 Portfolio Sales Top $3B

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

New Opportunity Zones May Help Finish California Projects, Not Start Them

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

South Jersey Affordable Housing Developers Blame State 'Overregulation' For Constricted Supply

Ireland's Top Resi Developers Plead For Stability After Regulation Roulette

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet