California Community

Temple Villas, Los Angeles

Temple Villas

Temple Villas is a 52-unit affordable apartment with 1-, 2-, 3- and 4-bedroom family units. Total buildable area is 58,100 square feet. The new housing is located on a 32,000 square foot site west of downtown Los Angeles in the Beaudry/Echo Park district, near schools, medical clinics and Echo Park. MTA bus service is available for residents along Temple Street. Construction is one four-story residential building over a subterranean parking garage of 52 spaces. Amenities include a children’s play area, landscaping and community clubhouse. The design exceeds Title 24 energy efficiency requirements by 15%, and all appliances are Energy-Star rated. No-VOC paint and low-VOC adhesives were used. Temple Villas was funded by 9% Low-Income Housing Tax Credits, allocate in 2005, and City of Industry funds.
Occupancy began in 2007.

DEVELOPMENT CONSULTANT:
AMCAL Multi-Housing

100% affordable:
6 units – 30% AMI
6 units – 40% AMI
26 units – 50% AMI
13 units – 60% AMI
1 unit – Manager

Year Built

2007

Type

Family

No. Units

52

Total Cost

$13,303,000

Developer

W.O.R.K.S.

Contractor

AMCAL General Contractors

Architect

Tomko Woll Group

Financing

Equity

$6,161,000
SunAmerica
$1,800,000
W.O.R.K.S./AMCAL Enterprises

Construction

$1,933,000
California Bank and Trust

Permanent

$1,933,000
California Community Reinvestment Corp.

Agency

$2,640,000
Los Angeles Housing Department
$1,800,000
City of Industry

Non-Profit