California Community

Flores del Valle, Los Angeles

Flores del Valle is a 146-unit affordable development with two-, three– and four bedroom large family apartments. Flores del Valle replaces a blighted, vacant warehouse and is helping to revitalize a historic neighborhood northeast of downtown Los Angeles. It is part of a large area maser development that includes workforce apartments, market-rate condominiums and lofts, and retail shops. A childcare center is available for tenants and area residents. The new housing is located next to the new Avenue 26 Gold Line Station northeast of downtown Los Angeles.

The Golden State and Pasadena Freeways along with Dodger Stadium and other amenities make the site a convenient location.
Construction is a Type V wooden structure over a Type I concrete podium for secure subterranean parking. Flores del Valle is funded by 9% Low-income Housing Tax Credit equity. Occupancy began in 2007.

100% affordable:
15 units – 30% AMI
15 units – 40% AMI
72 units – 50% AMI
42 units – 60% AMI
2 units – Manager

Photos

Year Built

2007

Type

Family

No. Units

146

Total Cost

$29,876,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Van Tilburg Banvard & Soderbergh

Financing

Equity

$15,500,000
SunAmerica Affordable Housing Partners
$555,000
AMCAL Enterprises

Construction

$7,100,000
California Bank & Trust

Permanent

$7,100,000
California Community Reinvestment Corp.

Agency

$4,800,000
Los Angeles Housing Dept.

Non-Profit

W.O.R.K.S.