Workforce Housing for LAUSD Employees Rising in Hollywood

As LA rents continue to rise, teachers and other LAUSD employees are being priced out of the neighborhoods where they work. As such, the school district, in partnership with affordable housing developer Adobe Communities, is developing workforce housing for employees who meet designated income criteria.

Scheduled for delivery in fall 2016, Selma Community Housing, the second of three LA Unified workforce housing projects approved by the LAUSD board, is rising at 1603 N Cherokee Ave in Hollywood, Urbanize LA reports. The first project, Sage Park Apartments, opened last month on a site on the north side of the Gardena Senior High School campus. The third project is Norwood Learning Village, a 29-unit complex near USC that also will be delivered next year.

Situated on a .65-acre site, the four-story, $32M Hollywood project includes 90, one-, two- and three-bedroom units, 62 of which will be rented to LAUSD employees. Rents will range from $550 to $1,272. The complex includes a children's outdoor play area. [ULA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

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

Treasury Introduces Rule Blocking Big Investors From Bulk-Buying Homes

Achmea Real Estate Acquires 131 Rental Apartments For BPL Pension Fund

COPA Passes City Council, Heads To Mamdani's Desk

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site