California Community

Broadway Villas, Los Angeles

Broadway Villas

Broadway Villas adds to the revitalization of South Broadway, replacing a long vacant lot. The 0.7-ac. redevelopment site includes 49 senior apartments (70 dua), and the design is a traditional Craftsman exterior.

An allocation of $4,540,000 in 4% Low-Income Housing Tax Credits was awarded in 2011. The Los Angeles Housing Dept. funded $4,500,000, and the State of California funded $1,894,000 for the infill site in south Los Angeles. Services subsidy is provided by Los Angeles County Dept. of Health Services for special needs units.

The site is located near an MTA bus line, Sutton Recreation Center, Mark Twain, and a health clinic.

Construction is three levels of Type V with 49 spaces of underground parking. Design will be certified to LEED Gold. Amenities include a large community room with a computer lab, and a large courtyard with barbecue areas.

100% affordable:
4 units – 30% AMI
6 units – 40% AMI
38 units – 50% AMI
1 manager’s unit.

Year Built

2015

Type

Senior

No. Units

49

Total Cost

$14,944,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Van Tilburg, Banvard & Soderbergh

Financing

Equity

$6,230,000
Hudson Housing Capital

Construction

$5,699,000
U.S. Bank

Permanent

$1,780,000
U.S. Bank

Agency

$4,500,000
L.A. Housing Dept.
$1,894,000
State of California
HCD - Infill Infrastructure

Non-Profit

Foundation for Affordable Housing