California Community

Mosaic, Los Angeles

Mosaic

Mosaic replaces an abandoned commercial building in the Pico-Union neighborhood west of downtown Los Angeles with a vibrant mixed-use, intergenerational development.

Mosaic consists of street-level retail along Pico Boulevard, a busy pedestrian street in the dense neighborhood, and 56 units, including 1-bedroom apartments for low-income seniors. Construction is three levels of Type V wood over Type I concrete underground parking with 79 spaces. Site area is 0.9 ac. (62 dua).

The Craftsman-inspired design complements the historic family neighborhood on the north side.

Mosaic is near an MTA bus route on Pico Blvd., Plunge City Park, 10th St. Elementary School, markets, pharmacies and health clinics.

Mosaic is financed with a $13,699,780 allocation of 9% Low-income Housing Tax Credits in 2009, conventional debt and public funds from the Los Angeles Housing Trust Fund, CRA and State of California Infill Infrastructure Grant.

100% affordable:
6 units – 30% AMI
6 units – 40% AMI
28 units – 50% AMI
1 managers unit

Unit mix:
37 1-bed (625 sf)
1 2-bed (750 sf)
3-bed (1,250 sf)

Property Management:
FPI Management

Year Built

2011

Type

Family

No. Units

56

Total Cost

$21,357,000

Developer

AMCAL Multi-Housing, Inc.

Contractor

AMCAL General Contractors

Architect

Killefer Flammang

Financing

Equity

$10,891,000
Hudson Housing Capital

Construction

$7,499,000
U.S. Bank

Permanent

$1,243,000
U.S. Bank

Agency

$5,325,000
L.A. CRA
$2,733,000
Prop. 1C Infill
$547,000
ARRA stimulus

Non-Profit