California Community

Villas del Lago, Los Angeles

Villas del Lago is a 74-unit family affordable apartment with 1-3 bedroom units designed for families. Construction is Type V with four levels of residential over a Type I podium with secure parking for residents.

Built on a 44,000 s.f. site in the Westlake/MacArthur Park district, Villas del Lago replaces dilapidated housing. The site is near urban amenities and services, including the popular MacArthur Park, St. Vincent’s Hospital, and Alvarado commercial center, and it contributes to the continuing revitalization of a historic community of Los Angeles.

Villas del Lago was funded by a $15,267,000 allocation of Low-Income Housing Tax Credits in 2006 and the Los Angeles Housing Department.

Amenities include a community recreation room, energy-efficient appliances and design, and a green interior courtyard with a children’s play area. Occupancy began in 2008.

100% affordable:
8 units – 30% AMI
8 units – 40% AMI
37 units – 50% AMI
20 units – 60% AMI
1 unit – Manager

Year Built

2008

Type

Family

No. Units

74

Total Cost

$25,377,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Withee Malcolm

Financing

Equity

$14,785,000
SunAmerica Affordable Housing Partners
$1,389,000
AMCAL Enterprises

Construction

$9,200,000
Chase

Permanent

$3,565,000
California Community Reinvestment Corp.
$5,282,000
Los Angeles Housing Dept.
$366,000
AHP

Agency

Non-Profit

W.O.R.K.S.