California Community

Park Place, Lynwood, Los Angeles County

Park Place

Park Place is a keystone of the redevelopment of the Lynwood Gardens neighborhood on Atlantic Boulevard. The 4.3-ac. redevelopment site includes 99 family apartments (24 dua). The new housing has a contemporary exterior architecture and replaces a fire-damaged market and obsolete commercial building. A free-standing childcare building will provide services for tenants and neighbors, and will be operated by a local non-profit provider.

An allocation of $7,869,000 in 9% Low-Income Housing Tax Credits was awarded in 2011. The City awarded an RFP to AMCAL in 2009 and provided RDA and HOME funding.

The site is located near an MTA bus line, the new Burke-Ham Park, Mark Twain Elementary School, and a market. A childcare center will be available for tenants and neighbors.

The LEED Gold development includes two 3-level buildings and 209 surface parking spaces. Amenities include a large community clubhouse with a lounge, computer lab, pool, barbecue areas, and children’s playground. Free social services and educational classes will be provided for adults and children.

100% affordable: 10 units – 30% AMI, 31 units – 40% AMI, 33 units – 45% AMI, 24 units – 50% AMI.

Year Built

2013

Type

Family

No. Units

99

Total Cost

$22,703,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Withee Malcolm

Financing

Equity

$ 7,476,000 Hudson Housing Capital

Construction

$ 9,286,000 Chase

Permanent

$ 3,679,000 Chase

Agency

Non-Profit

Foundation For Affordable Housing